Cahill Represents Debt Financing Sources in $4.6 Billion of Debt Financings, Consisting of $3.35 Billion Credit Facilities and $1.25 Billion Notes Offering for Caliber Collision
Date: 01/30/24
Cahill represented the administrative agent and the lead arrangers in connection with a $2,725,000,000 term B credit facility and a $625,000,000 revolving credit facility for Wand Newco 3, Inc. (“Caliber Collision”). Cahill also represented the initial purchasers in connection with a Rule 144A offering of $1,250,000,000 aggregate principal amount of 7.625% senior secured notes due 2032 by Caliber Collision. Proceeds from the offering as well as borrowings under the new credit facilities were used to pay a dividend, refinance Caliber Collision’s existing credit facilities and for general corporate purposes. Caliber Collision is the nation’s largest collision repair services operator and a provider of complementary automotive services.