Cahill Represents Financing Sources in Acquisition by GCA
Date: 12/19/14
Cahill represented BofA Merrill Lynch and Deutsche Bank Securities as joint book-running managers in connection with the Rule 144A offering of $350,000,000 aggregate principal amount of 7.75% Senior Secured Notes due 2021, and $350,000,000 aggregate principal amount of 10% Senior Unsecured Notes due 2022 by Movie Escrow, Inc., to be merged with and into Global Cash Access, Inc., a global provider of cash access services and related equipment and services to the gaming industry. Proceeds from the offering will be used to acquire Multimedia Games, a rapidly growing provider of gaming machines and systems.
Cahill also represented Bank of America as administrative agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arranger, and Deutsche Bank as arranger in connection with a $500,000,000 Term B loan and a $50,000,000 revolving credit facility for Global Cash Access, Inc. Proceeds will also be used in connection with the acquisition, as well as for refinancing existing credit.