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Legal News

Cahill Represents Initial Purchasers and Lead Arrangers in Notes Offerings and Credit Facilities for WestRock Company

Date: 03/06/18

Cahill represented the initial purchasers in connection with a Rule 144A offering of $600,000,000 aggregate principal amount 3.750% senior notes due 2025 and $600,000,000 aggregate principal amount 4.000% senior notes due 2028 by WestRock Company, a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. Cahill also represented the administrative agent, joint lead arrangers and joint book runners in connection with $3.8 billion in delayed draw credit facilities for Whiskey Holdco, Inc., a subsidiary of WestRock Company. Proceeds from the offering and the credit facilities are to be used to finance the acquisition by WestRock Company of KapStone Paper and Packaging Corporation, to repay certain existing indebtedness of KapStone in connection with the acquisition, to pay fees and expenses in connection with the acquisition and for general corporate purposes.