BWAY Holding Company’s Financing the acquisition of Industrial Container Services

Cahill represented the initial purchaser in connection with a Rule 144A offering of €475,000,000 aggregate principal amount of 4.750% senior first lien notes due 2024 by BWAY Holding Company

BWAY Holding Company is the holdings entity of one of the largest manufacturers of rigid metal, plastic and hybrid containers in North America.

Cahill also represented the lead arrangers in connection with a $400,000,000 incremental term loan facility for BWAY Holding Company. Proceeds from the offering and the incremental facility were used in part to fund the acquisition of Industrial Container Services, LLC a leading provider of container solutions, container services, and container management systems.

BWAY has obtained debt financing commitments from Bank of America Merrill Lynch, Goldman Sachs Bank USA, BMO Capital Markets, and Citigroup Global Markets Inc.

Proceeds were also used to redeem a portion of BWAY’s outstanding preferred stock and pay related fees and expenses.

Cahill advised with a team including James J. Clark (Picture), Ted B. Lacey, Layton Bell, A.J. Brown, Joshua D. Goldberg, Stephen Gruendel, Marc Shepsman and Kristopher S. Villarreal.

Involved fees earner: James Clark – Cahill Gordon & Reindel; Ted Lacey – Cahill Gordon & Reindel; Layton Bell – Cahill Gordon & Reindel; A.J. Brown – Cahill Gordon & Reindel; Joshua Goldberg – Cahill Gordon & Reindel; Stephen Gruendel – Cahill Gordon & Reindel; Marc Shepsman – Cahill Gordon & Reindel; Kristopher Villarreal – Cahill Gordon & Reindel; Ted Lacey – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

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

Author: Ambrogio Visconti