Cahill Represents Financing Sources in LBO of Aon Hewitt’s Technology-Enabled Benefits & Cloud-Based HR Service Platform
Cahill represented Bank of America as administrative agent, collateral agent and lead arranger, and the other lead arrangers in connection with a $2,670,000,000 Term B loan and $250,000,000 revolving credit agreement for Tempo Acquisition, LLC, a leader in benefits administration and cloud-based HR services. Proceeds from the facility were used in connection with the $4.8 billion acquisition of Aon plc’s technology-enabled benefits & cloud-based human resource services platform by funds affiliated with private equity firm Blackstone.
Cahill also represented the joint book-running managers in connection with a Rule 144A offering of $500,000,000 aggregate principal amount of 6.750% Senior Notes due 2025 by Tempo Acquisition, LLC. Proceeds were also used in connection with the acquisition.