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Legal News

Cahill Represents Lead Arrangers in Acquisition Financing for the Lonza Water Care Business

Date: 02/28/19

Cahill represented the lead arrangers in connection with a $125,000,000 revolving credit facility, a CAN$5,000,000 revolving credit facility, a $360,000,000 first lien term loan facility and a $100,000,000 second lien term loan facility for Innovative Water Care Global Corporation.  Proceeds from the facilities were used to finance the acquisition of the Lonza water care business by Platinum Equity and for general corporate purposes.  The water care business acquired from Lonza is one of the world’s leading suppliers of sanitizers and other water treatment chemicals.