Blackhawk Network Holdings, Inc.’s $2.15 Billion Credit Facilities

Cahill represented the lead arrangers in connection with a $1,350,000,000 term B credit facility, a $400,000,000 revolving credit facility and a $400,000,000 second lien Term B credit facility, for Blackhawk Network Holdings, Inc., a formerly publicly traded company that operates in the prepaid, gift card and payments industries.

Barclays, BofA Merrill Lynch, Goldman, Sachs & Co. and J.P. Morgan have granted the credit facility.

Proceeds from the offering were used to refinance existing indebtedness, general corporate purposes and for the acquisition of Blackhawk by Silver Lake and P2 Capital Partners.

Cahill advised with a team including David L. Barash (Picture), Douglas S. Horowitz, Michael A. Sherman, Jeremy M. Exelbert, Kirk Fauser, Stephen G. Harper, Mark Loftus, Brittany Schulman and Sean R. Tierney

 

Involved fees earner: David Barash – Cahill Gordon & Reindel; Douglas Horowitz – Cahill Gordon & Reindel; Michael Sherman – Cahill Gordon & Reindel; Jeremy Exelbert – Cahill Gordon & Reindel; Kirk Fauser – Cahill Gordon & Reindel; Stephen Harper – Cahill Gordon & Reindel; Mark Loftus – Cahill Gordon & Reindel; Brittany Schulman – Cahill Gordon & Reindel; Sean Tierney – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Bank of America Merrill Lynch; Barclays Bank; Goldman, Sachs & Co.; JP Morgan;

 

Author: Ambrogio Visconti