Cahill Represents Financing Sources in Buyout of Hub International
Date: 10/02/13
Cahill represented BofA Merrill Lynch, Morgan Stanley, RBC Capital Markets, Macquarie Capital, BMO Capital Markets, and UBS Investment Bank as joint book-running managers in connection with the Rule 144A offering of $950,000,000 aggregate principal amount of 7.875% Senior Notes due 2021 by Hockey Merger Sub 2 Inc., to be merged with and into Hub International Limited, one of the leading insurance brokers in North America. Cahill also represented BofA Merrill Lynch and Morgan Stanley as dealer managers and solicitation agents in connection with the tender offer and consent solicitation for any and all of Hub International’s $740,000,000 8.125% Senior Notes due 2018. The notes offering and tender offer were made in connection with the acquisition of Hub International by private equity firm Hellman & Friedman LLC.
Cahill also represented Morgan Stanley and Bank of Montreal as administrative agents and Morgan Stanley, BofA Merrill Lynch, and RBC Capital Markets as lead arrangers in connection with the $1,870,000,000 Term B loan, the CAN$50,000,000 Revolver and the $225,000,000 revolver for Hockey Merger Sub 2 Inc. Proceeds from the loan were also used in connection with the acquisition.