Cahill Represents Lead Arrangers in $650 Million Amended and Restated Credit Facility for Res-Care, Inc.
Date: 04/25/14
Cahill represented Bank of America as administrative agent and BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets as lead arrangers in connection with a $650,000,000 amended and restated credit facility, comprised of a new $200,000,000 term A loan, a $250,000,000 revolving credit facility, and a new committed delayed draw term loan of up to $200,000,000, for Res-Care, Inc., which is the nation’s largest provider of services to people with disabilities and the largest privately-owned home care company. Proceeds from the facility will be used to pay a dividend, refinance existing indebtedness and for general corporate purposes.