Cahill Represents Financing Sources in Acquisition of PrimeSource by Platinum Equity
Cahill represented the administrative agent, lead arrangers and other titled banks in connection with the new $300,000,000 asset based revolving credit facility, and $350,000,000 Term B loan for PriSo Acquisition Corporation, a subsidiary of PrimeSource Building Products, the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America. Proceeds from the facility were used in connection with the acquisition of PrimeSource by Platinum Equity.
Cahill also represented the joint book-running managers in connection with the Rule 144A offering of $200,000,000 aggregate principal amount of 9% Senior Notes due 2023 by PriSo Acquisition Corporation. The proceeds were also used in connection with the acquisition.