Cahill Represents Financing Sources in Acquisition of TMS International by The Pritzker Organization
Cahill represented the joint book-running managers and co-managers in connection with the Rule 144A offering of $275,000,000 aggregate principal amount of 7.625% Senior Notes due 2021 by Crystal Merger Sub, Inc., to be merged with and into TMS International Corp., a provider of outsourced industrial services to steel mills. Proceeds from the offering were used in connection with the acquisition of TMS International Corp by private equity firm The Pritzker Organization, LLC.
Cahill also represented the administrative agents and the lead arrangers in connection with the $425,000,000 Term B loan and $175,000,000 asset-based revolving credit facility for TMS International. Proceeds from the Term B loan were also used in connection with the acquisition.