Cahill Represents Financing Sources in Acquisition of Welch Allyn by Hill-Rom
Date: 09/08/15
Cahill represented the administrative agents and lead arrangers in connection with a $1,000,000,000 Term A loan, a $800,000,000 Term B loan, and a $500,000,000 revolving credit facility for Hill-Rom Holdings, Inc., the holding company of Hill-Rom, a leading global medical technology company that partners with health care providers in more than 100 countries. Proceeds were used to finance Hill-Rom’s acquisition of Welch Allyn, a leading global manufacturer of medical diagnostic equipment, as well as for general corporate purposes and to refinance existing indebtedness.
Cahill also represented the joint book-running managers and the co-manager in connection with the Rule 144A offering of $425,000,000 aggregate principal amount of 5.750% Senior Notes due 2023 by Hill-Rom Holdings, Inc. Proceeds were also used to finance the acquisition.