Cahill Represents Financing Sources in Acquisition Financing for Optimas
Cahill represented Morgan Stanley and Suntrust Robinson Humphrey as joint book-running managers in connection with the Rule 144A offering of $225,000,000 aggregate principal amount of 8.625% Senior Secured Notes due 2021 by Optimas OE Solutions Holding, LLC and Optimas OE Solutions, Inc. Proceeds from the offering were used in connection with the acquisition by American Industrial Partners of the OEM supply fasteners business of Anixter International Inc. and the formation of Optimas as a global provider of integrated supply chain solutions and engineering support.
Cahill also represented Morgan Stanley Senior Funding and Bank of America as administrative agents, and SunTrust Robinson Humphrey and Ally Bank as arrangers in connection with a $100,000,000 asset based revolving credit agreement, and a €50,000,000 asset based revolving credit agreement for Optimas. Proceeds were also used in connection with the acquisition, as well as for general corporate purposes.