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Legal News

Cahill Represents Financing Sources in Acquisition of Northwest Hardwoods

Date: 07/18/14

Cahill represented Morgan Stanley, Credit Suisse, and Jefferies as joint book-running managers in connection with the Rule 144A offering of $300,000,000 aggregate principal amount of 7.500% Senior Secured Notes due 2021 by Hardwoods Acquisition, Inc., to be succeeded by Northwest Hardwoods, Inc. Proceeds from the offering were used in connection with Littlejohn & Co.’s acquisition of Northwest Hardwoods, Inc. from American Industrial Partners.

Cahill also represented Bank of America as administrative agent and lead arranger in connection with $100,000,000 asset-based revolving credit agreement for Northwest Hardwoods, Inc. Proceeds were also used in connection with the acquisition and will be used for ongoing working capital and general corporate purposes.