Cahill Represents Lead Arrangers in $11.5 Billion Bank Financing for Buyout of H.J. Heinz
Cahill represented J.P. Morgan, Wells Fargo, Barclays and Citigroup as lead arrangers in connection with the $11.5 billion in credit facilities consisting of $9.5 billion of term loan facilities that were used to fund a portion of the consideration for the $23 billion leveraged buyout of H.J. Heinz by 3G Capital Partners Ltd. and Berkshire Hathaway Inc. and $2.0 billion of revolving credit facilities.
Also as part of the debt financing for the buyout, Cahill represented Wells Fargo Securities, J.P. Morgan, Barclays, Citigroup and the other co-managers in a $3.1 billion notes offering that funded into escrow pending consummation of the acquisition.