Media Contact:
Lynn Tellefsen
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
ltellefsen@cahill.com

Legal News

Cahill Represents CIBC, Inc. in $1.15 Billion Acquisition Financing for Watson Pharmaceuticals, Inc.

Date: 11/03/06

Cahill represented Canadian Imperial Bank of Commerce, acting through its New York agency, as Administrative Agent in the $1.15 billion acquisition financing of Andrx Corporation by Watson Pharmaceuticals, Inc. (NYSE: WPI), a leading specialty pharmaceutical company that develops, manufactures, markets and distributes branded and generic pharmaceutical products.  The acquisition now positions Watson Pharmaceuticals, Inc. as the third-largest pharmaceutical company in the United States. The transaction was comprised of a $650,000,000 Term Loan and $500,000,000 Revolver.

Media Contact:
Lynn Tellefsen
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
ltellefsen@cahill.com