Cahill Represents Debt Financing Sources in $7.89 Billion of Debt Financings, Consisting of $4.89 Billion Credit Facility and $3 Billion Notes Offering for Hub International Limited
Date: 01/26/24
Cahill represented the lead arrangers in connection with an Amendment to the $4,860,000,000 term B credit facility and an incremental amendment to the $750,000,000 U.S. revolving credit facility for Hub International Limited. Proceeds from the credit facility will be used for general corporate purposes and refinancing existing credit facilities. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $1,100,000,000 aggregate principal amount of 7.250% add-on senior secured notes due 2030 and $1,900,000,000 aggregate principal amount of 7.375% senior notes due 2032 by Hub International Limited. Proceeds from the offering were used for general corporate purposes, to refinance existing debt facilities, to repurchase outstanding equity and to fund acquisitions. Hub International is a leading insurance brokerage providing products and services across North America.