Cahill Represents Financing Arrangers in Acquisition of The Kenan Advantage Group
Date: 07/31/15
Cahill represented the administrative agent and lead arrangers in connection with a new credit facility for The Kenan Advantage Group, Inc. involving approximately $1 billion of loans and commitments. Kenan is North America’s largest tank truck hauler and logistics provider. Proceeds from the facility were used in connection with the acquisition of The Kenan Advantage Group by OMERS Private Equity.
Cahill also represented the joint book-running managers and co-managers in connection with Rule 144A offering of $405 million aggregate principal amount of 7.875% Senior Notes due 2023 by The Kenan Advantage Group, Inc. Proceeds were also used in connection with the acquisition.