Cahill Represents Lead Banks in Senior Notes Offering and Credit Facility for RSI Home Products
Cahill represented BofA Merrill Lynch and Barclays as joint book-running managers in connection with the Rule 144A offering of $575,000,000 aggregate principal amount of 6.5% Senior Secured Second Lien Notes due 2023 by RSI Home Products, Inc., a leading manufacturer of kitchen, bath and home storage cabinets in North America. Proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes.
Cahill also represented Bank of America as administrative agent, and Wells Fargo Securities and Merrill Lynch, Pierce, Fenner & Smith as lead arrangers in connection with the $75,000,000 revolving credit agreement for RSI Home Products, Inc. Proceeds were also used to refinance existing indebtedness and for general corporate purposes.