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Legal News

Cahill Represents Financing Sources in Credit Facility and Notes Offering for Activision Blizzard

Date: 10/11/13

Cahill represented Bank of America, N.A. as administrative agent and BofA Merrill Lynch and J.P. Morgan as lead arrangers in connection with the $2,250,000,000 Term B loan and the $250,000,000 revolver for Activision Blizzard, Inc., a worldwide online, PC, console, handheld and mobile game publisher.

Cahill also represented J.P. Morgan and BofA Merrill Lynch as joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,500,000,000 aggregate principal amount of 5.625% Senior Notes due 2021 and $750,000,000 aggregate principal amount of 6.125% Senior Notes due 2023 by Activision Blizzard, Inc.

Proceeds from the loans and from the notes offering will be used for a stock buy-back and for general corporate purposes.