Mitel’s $1.480 Billion Credit Facilities

Cahill represented the lead arrangers in connection with a $1,120,000,000 Term B credit facility, $260,000,000 second lien Term B credit facility and a $100,000,000 revolving credit facility for Mitel Networks Corporation, a global market leader in business communications.

Credit Suisse AG, Cayman Islands Branch acted as administrative agent on the transaction.

Proceeds from the facilities will be used for general corporate purposes, to refinance existing indebtedness and for the previously announced transaction in which funds advised by Searchlight acquired all of the outstanding common shares of Mitel.

Cahill advised with a team including Adam M. Dworkin (Picture), Ariel Goldman, Enia Gyan, Kali Jelen, Jin Hee Kim and Nikolas Rodriguez.

Involved fees earner: Adam Dworkin – Cahill Gordon & Reindel; Ariel Goldman – Cahill Gordon & Reindel; Enia Gyan – Cahill Gordon & Reindel; Jin Hee Kim – Cahill Gordon & Reindel; Nikolas Rodriguez – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Credit Suisse AG Cayman Islands Branch;

Author: Ambrogio Visconti