$4.4 Billion’ Debt Financing Transactions for Acquisition of Mauser Group by SCI

Cahill Represents Lead Banks in $4.4 Billion of Debt Financing for Acquisition of Mauser Group by SCI

Cahill represented the joint book-running managers and the co-managers in connection with a Rule 144A offering of $1,480,000,000 aggregate principal amount of 5.50% Senior First Lien Notes due 2024 and $1,200,000,000 aggregate principal amount of 7.25% Senior Notes due 2025 by BWAY, a leading North American supplier of general line rigid containers. Proceeds from the offering were used in connection with the acquisition of Mauser Group by BWAY’s parent company, Stone Canyon Industries, from private equity firm, Clayton, Dubilier & Rice. Mauser Group is a global supplier of rigid packaging products and services for industrial use.

Bank of America Merrill Lynch, Goldman Sachs & Co., BMO Capital Markets Corp., and Citigroup Global Markets Inc. are providing committed financing for the transaction.

Cahill also represented the administrative agent and lead arrangers in connection with a $1,500,000,000 Term B loan and a $250,000,000 asset-based revolving credit facility for BWAY. Proceeds from the facilities were also used in connection with the acquisition.

Cahill has advised with a team including James J. Clark (Picture), Jennifer B. Ezring, Timothy B. Howell, Ted B. Lacey, Joshua M. Zelig, Kristopher S. Villarreal, Layton Bell, Joshua D. Goldberg, Brooke Fischer, Alex J. Kramer, Javier Ortiz and Marc Shepsman.

 

Involved fees earner: James Clark – Cahill Gordon & Reindel; Jennifer Ezring – Cahill Gordon & Reindel; Timothy Howell – Cahill Gordon & Reindel; Ted Lacey – Cahill Gordon & Reindel; Joshua Zelig – Cahill Gordon & Reindel; Kristopher Villarreal – Cahill Gordon & Reindel; Layton Bell – Cahill Gordon & Reindel; Joshua Goldberg – Cahill Gordon & Reindel; Brooke Fischer – Cahill Gordon & Reindel; Alex Kramer – Cahill Gordon & Reindel; Javier Ortiz – Cahill Gordon & Reindel; Marc Shepsman – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Bank of America Merrill Lynch; Citigroup Global Markets Ltd; Goldman, Sachs & Co.; BMO Capital Markets;

 

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Author: Ambrogio Visconti