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Legal News

Cahill Represents Lead Arrangers in $1.91 Billion Credit Facilities for Mavis Tire Express Services Corp.

Date: 03/20/18

Cahill represented Jefferies Finance LLC, Antares Capital LP, KKR Capital Markets LLC, CPPIB Credit Investments III Inc., Angel Island Originations, LLC and Cowen Finance Company LLC as lead arrangers and Jefferies Finance LLC as administrative agent in connection with a $1,115,000,000 first lien term loan facility, a $100,000,000 revolving credit facility and a $178,500,000 first lien delayed draw term loan facility for Mavis Tire Express Services Corp. Cahill also represented the lead arrangers and administrative agent, in connection with a $445,000,000 second lien term loan credit facility and a $71,500,000 second lien delayed draw term loan credit facility for Mavis Tire Express Services Corp., an American tire retail and service company. Proceeds from the term loan facility were used to finance the acquisition of Mavis Tire Express Services Corp. by Express Oil Change & Tire Engineers.