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Legal News

Cahill Represents Initial Purchasers in $1.875 Billion Notes Offering and Credit Facilities for Radiate HoldCo, LLC and Radiate Finance, Inc. in connection with Radiate HoldCo, LLC’s acquisition of Wave Holdco, LLC

Date: 01/24/18

Cahill represented the initial purchasers in connection with a Rule 144A offering of $300,000,000 aggregate principal amount of 6.875% senior notes due 2023 by Radiate HoldCo, LLC and Radiate Finance, Inc. Cahill also represented the lead arrangers and administrative agent in connection with a $1,425,000,000 incremental term loan and a $150,000,000 incremental revolving commitment for Radiate Holdco, LLC. Proceeds from the offering and the incremental facilities were used to finance a portion of the acquisition of Wave Holdco, LLC, a regional owner and operator of multi-service broadband systems, by Radiate HoldCo, LLC, a “triple play” communications services provider operating under the RCN and Grande brand names.