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

Legal News

TOUSA, Inc. Completes New $500.0 Million Term Loan Financing and Amendment and Restatement of Revolving Credit Facility

Date: 07/31/07

Cahill represented Citicorp North America Inc. as Administrative Agent and Citigroup Global Markets Inc.as Sole Lead Arranger and Bookrunning Manager in connection with a new $200 million first lien term loan facility and $300 million second lien term loan facility for TOUSA, Inc., as well as the amendment and restatement of TOUSA's existing revolving credit facility. TOUSA used the proceeds from the term loans to fund a portion of its global settlement with all participants in the Transeastern JV, including the JV's senior lenders, its mezzanine lenders, the JV partner and its land bankers.

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