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

Legal News

Cahill Represents Lenders and Initial Purchasers in $2.25 Billion Leveraged Recapitalization for Warner Chilcott plc

Date: 08/20/10

Cahill represented J.P. Morgan Securities Inc. as co-syndication agent and lead arranger in connection with amendments to existing credit facilities for Warner Chilcott Holding Company III, WC Luxco S.a r.l. and Warner Chilcott Corporation providing for $1,500,000,000 of new term loans comprised of Term A-1 Loans in an aggregate amount of $480,000,000, Term B-3 Loans in an aggregate amount of $770,000,000 and Term B-4 Commitments in an aggregate amount of $250,000,000.

Cahill also represented the initial purchasers in the Rule 144A/Reg S Offering of $750,000,000 7.75% Senior Notes due 2018 by Warner Chilcott Company, LLC and Warner Chilcott Finance LLC.

The proceeds from the term loans and the notes were used to fund a special dividend to Warner Chilcott's ordinary shareholders of $8.50 per share, or approximately $2.15 billion in the aggregate.

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