Cahill Represents Lead Arrangers in Hobbs & Associates’ $825 Million Term B Loan Repricing and $50 Million Incremental Term B Loan
Date: 02/20/25
Cahill represented the administrative agent and the lead arrangers in connection with an amendment to the existing credit agreement of Hobbs & Associates, LLC to reprice its outstanding $825 million Term B loans and to obtain $50 million of incremental term loans.
Proceeds of the incremental term facility will be used for working capital and general corporate purposes.
Hobbs & Associates specializes in providing heating, ventilation, and air conditioning (HVAC) products and engineering services to commercial and industrial building contractors, architectural design firms, and business owners.