Cahill Represents Initial Purchasers in $325 Million Senior Notes Offering for Great Lakes Dredge & Dock Corporation and Dealer Managers in a Cash Tender Offer to Repurchase any and all of the Company’s 7.375% Senior Notes due 2019
Date: 05/24/17
Cahill represented Deutsche Bank Securities Inc., SunTrust Robinson Humphrey, Inc., PNC Capital Markets LLC, KKR Capital Markets LLC, and Robert W. Baird & Co. Incorporated as initial purchasers in connection with a $325,000,000 aggregate principal amount of 8.000% senior notes due 2022 (the “2022 Notes”) by the Company, and Cahill represented Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey, Inc., as dealer managers in connection with the cash tender offer for any and all of the Company’s 2019 Notes. Proceeds from the offering of the 2022 Notes are expected to repurchase all of the Company’s 2019 Notes, either through a cash tender offer or a subsequent proposed redemption, and the remaining proceeds from the offering of the 2022 Notes will be used to reduce the indebtedness under the Company’s senior secured revolving credit facility.
The Company is an American company, and is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations. The Company is also a significant provider of environmental and infrastructure services on land and water.