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Legal News

Cahill Represents Debt Financing Sources in BWAY Holding Company’s Acquisition of Industrial Container Services

Date: 08/24/18

Cahill represented the initial purchaser in connection with a Rule 144A offering of €475,000,000 aggregate principal amount of 4.750% senior first lien notes due 2024 by BWAY Holding Company, the holdings entity of one of the largest manufacturers of rigid metal, plastic and hybrid containers in North America. Cahill also represented the lead arrangers in connection with a $400,000,000 incremental term loan facility for BWAY Holding Company. Proceeds from the offering and the incremental facility were used in part to fund the acquisition of Industrial Container Services, LLC a leading provider of container solutions, container services, and container management systems. Proceeds were also used to redeem a portion of BWAY’s outstanding preferred stock and pay related fees and expenses.