Cahill Represents Administrative Agents and Lead Arrangers for Financing of Univar’s Acquisition of Nexeo
Date: 02/28/19
Cahill represented the agents and lead arrangers in connection with Univar USA Inc.’s amended and restated ABL credit agreement, consisting of a $1,200,000,000 revolving credit facility, a $175,000,000 equivalent Canadian dollar-denominated Term A credit facility and a $325,000,000 equivalent Canadian dollar-denominated FILO facility.
Additionally, Cahill represented the administrative agent in connection with an incremental amendment to Univar’s existing first lien credit agreement, consisting of a new €425,000,000 tranche of euro-denominated term loans and $300,000,000 in dollar-denominated incremental term loans.
Proceeds from each amendment were used in part to fund Univar’s acquisition of Nexeo Solutions, Inc., a leading global chemicals and plastics distributor. Univar is a chemical manufacturing and production company.