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Legal News

Cahill Represents Lead Arrangers in Buyout of Illinois Tool Works' Industrial Packaging Unit

Date: 05/01/14

Cahill represented J.P. Morgan as administrative agent and lead arranger and the other lead arrangers in connection with the approximately $2.05 billion credit facility, comprised of a $1,350,000,000 Term loan, a $400,000,000 multicurrency revolving credit agreement, and a €300,000,000 Term B loan for Signode Industrial Group Lux S.A. and Signode Industrial Group US Inc. Proceeds from the facilities were used in connection with the buyout of Illinois Tool Works' Industrial Packaging Unit by private equity firm Carlyle Group LP.