Cahill Represents Initial Purchasers in $1 Billion Acquisition Financing for Standard Industries
Date: 02/23/16
Cahill represented BofA Merrill Lynch and Deutsche Bank Securities as joint global coordinators and joint physical book-runners and the joint book-running managers in connection with the offering of $1,000,000,000 of Senior Notes, comprised of $500,000,000 aggregate principal amount of Senior Notes due 2021 and $500,000,000 aggregate principal amount Senior Notes due 2023 by Standard Industries Inc. (f/k/a Building Materials Corporation of America), a leading manufacturer and marketer of a broad line of asphalt and polymerbased roofing products, polyisocyanurate insulation products and accessories for the residential and commercial roofing markets. Proceeds from the offering will be used in connection with the acquisition of Icopal, a leading pan-European manufacturer of roofing and other waterproofing products, from Investcorp Ltd. by GAF, North America’s largest roofing manufacturer, and a subsidiary of Standard Industries.