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Legal News

Cahill Represents Financing Sources in Acquisition of Family Dollar by Dollar Tree

Date: 07/08/15

Cahill represented J.P. Morgan, Wells Fargo Securities, BofA Merrill Lynch, RBC Capital Markets, and US Bancorp as joint book-running managers, and the co-managers, in connection with the Rule 144A offering of $2,500,000,000 aggregate principal amount of 5.750% Senior Notes due 2023 and $750,000,000 aggregate principal amount of 5.250% Senior Notes due 2020 by Family Tree Escrow, LLC.  Proceeds from the offering were used in connection with the acquisition of Family Dollar Stores by Dollar Tree.

Cahill also represented JPMorgan Chase Bank as administrative agent, and J.P. Morgan Securities, Wells Fargo Bank, Merrill Lynch, Pierce, Fenner & Smith, RBC Capital Markets, U.S. Bank, and PNC Capital Markets as lead arrangers in connection with a $6,200,000,000 credit facility, comprised of a $3,950,000,000 Term B loan, a $1,000,000,000 Term A loan, and a $1,250,000,000 revolving credit facility for Dollar Tree, Inc. Cahill subsequently represented J.P. Morgan Securities, Wells Fargo Bank, Merrill Lynch, Pierce, Fenner & Smith, RBC Capital Markets, U.S. Bank, and PNC Capital Markets as lead arrangers in connection with the repricing of the Term B Loan with a $3,300,000,000 floating rate Term B-1 Loan and a $650,000,000 fixed rate Term B-2 Loan. Proceeds were also used in connection with the acquisition.