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Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Represents Debt Financing Sources in $6.05 Billion Credit Facilities for Pegasus Merger Co. (Tenneco)

Date: 11/17/22

Cahill represented the lead arrangers in connection with a $1,750,000,000 secured bridge credit facility and a $1,000,000,000 unsecured bridge credit facility for Pegasus Merger Co. (Tenneco). Cahill also represented the lead arrangers in connection with a $600,000,000 revolving credit facility, a $1,300,000,000 term loan A credit facility and a $1,400,000,000 term loan B credit facility for Pegasus Merger Co. Proceeds from the credit facilities were used to finance the acquisition of Tenneco Inc. by funds managed by Apollo Global Management, Inc.