Cahill Represents Lead Arrangers in $1.675 Billion of Debt Financings for Acquisition of Ascensus
Date: 08/02/21
Cahill represented the lead arrangers in connection with a $1,050,000,000 first lien term credit facility and a $175,000,000 revolving credit facility and a $450,000,000 second lien term credit facility for Mercury Borrower, Inc. and Ascensus Holdings, Inc. Proceeds from the credit facilities will be used to fund a leveraged buyout of Ascensus Inc. by Stone Point Capital, to refinance existing indebtedness, and for other general corporate purposes (including the payment of transaction fees and expenses).