Cahill Represents Lead Arrangers in Acquisition of Crosby Group by KKR
Date: 11/22/13
Cahill represented Morgan Stanley Senior Funding, Inc. as First Lien Administrative Agent and UBS AG, Stamford Branch as Second Lien Administrative Agent and Morgan Stanley, UBS, KKR Capital Markets LLC, Deutsche Bank Securities Inc., Mizuho Bank, Ltd, and HSBC Securities (USA) Inc., as lead arrangers in connection with the $560,000,000 First Lien Term B loan, the $90,000,000 Second Lien Term B loan, and the $65,000,000 revolving credit facility for Crosby US Acquisition Corp., the acquisition company of Crosby Group, a manufacturer of products used in the energy and construction industries. Proceeds from the transaction will be used in connection with KKR’s buyout of Crosby Group and specialty material handling equipment maker Acco Material Handling Solutions from Melrose Industries Plc.