Media Contact:
Michelle Murray
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com

Legal News

Cahill Represents Dealer Managers in Largest Debt Exchange Offer to Date

Date: 06/06/08

Cahill represented Bank of America, Citi, Barclays, Deutsche Bank and Lehman Brothers as dealer managers in Residential Capital's execution of private bond exchange offers and cash tender offers for U.S. dollar equivalent $14.0 billion in aggregate principal amount of Residential Capital's outstanding debt. The transaction is the largest debt exchange offer to date, and included 14 series of outstanding bonds that were part of a comprehensive series of global transactions involving GMAC Financial Services, and its wholly owned subsidiary, Residential Capital, LLC.

Media Contact:
Michelle Murray
Director of Marketing & Communications
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com