Cahill Represents Financing Sources in Rocket Software’s $2.25 Billion Debt Financings
Date: 05/01/24
Cahill represented the administrative agent and the lead arrangers in connection with $880 million and €300 million incremental term B credit facilities and a $251.667 million incremental revolving credit facility for Rocket Software, Inc.
Cahill also represented the administrative agent and the lead arrangers in connection with an amendment for Rocket Software, which extends the maturity date of its $360 million revolving credit facility.
Cahill also represented the initial purchasers in connection with Rocket Software’s Rule 144A offering of $800 million aggregate principal amount of 9.000% senior secured notes due 2028. Proceeds from the offering were used to fund a portion of Rocket Software’s $2.275 billion acquisition of OpenText Corporation’s Application Modernization and Connectivity Business.
Rocket Software is a leading global enterprise software provider with a broad portfolio of products that help corporations, government agencies, and other organizations run their mission-critical IT operations.