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Legal News

Cahill Represents Financing Sources for HD Supply Waterworks Acquisition

Date: 08/11/17

Cahill represented the joint book-running managers in connection with the 144A offering of $500,000,000 aggregate principal amount of 6.125% Senior Notes due 2025 by HD Supply Waterworks. Cahill also represented also Citibank N.A. as administrative agent and the lead arrangers in connection with the $500,000,000 asset-based credit facility for HD Supply Waterworks, Ltd., as successor by merger to CD&R Waterworks Merger Sub, LLC.  Proceeds from the debt issuance and credit facility were used in connection with the acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the U.S. by Clayton Dubilier & Rice.