Cahill Represents Agent and Lead Arrangers in Kestra’s $1.02 Billion Credit Facilities Transactions
Date: 12/20/24
Cahill represented the agent and the lead arrangers in connection with a $990 million first lien term loan for Kestra Advisor Services Holdings A, Inc., consisting of a $837.9 million refinancing term loan and a $152.1 million incremental term loan, as well as a $33.75 million incremental revolving credit facility.
Proceeds from the credit facilities were used to refinance existing debt, to prepay certain other existing debt and for general corporate purposes.
Kestra Financial is a leading investment advisory and wealth management platform that processes investment transactions and provides investment advisory services.