Cahill Represents Lead Arrangers in $1.25 Billion Credit Facility for PHINIA Inc.
Date: 07/03/23
Cahill represented the lead arrangers in connection with a $500,000,000 revolving credit facility, a $300,000,000 term A credit facility and a $425,000,000 term B credit facility for PHINIA Inc. (PHIN: NYSE). Proceeds from the credit facility will be used to finance the spin-off of PHINIA Inc. from its former parent company, BorgWarner Inc.. PHINIA Inc. develops fuel systems and aftermarket solutions to enable combustion engines to run at peak performance and efficiency.