Cahill represented the lead arrangers in connection with a $1 billion revolving credit facility, a $750 million Term A-1 credit facility, and a $1.75 billion Term A-2 credit facility for JH North America Holdings Inc., James Hardie International Finance Designated Activity Company, James Hardie US Holdings Limited, and James Hardie Building Products Inc., each of which are subsidiaries of James Hardie Industries plc.
Cahill also represented the initial purchasers in connection with a Rule 144A offering of $700 million aggregate principal amount of 5.875% senior secured notes due 2031 and a $1 billion aggregate principal amount of 6.125% senior secured notes due 2032 by JH North America Holdings Inc.
Proceeds from the borrowings under the credit facilities and the notes offering were used to fund a portion of James Hardie's $8.8 Billion acquisition of The AZEK Company, for general corporate purposes, and to refinance certain existing indebtedness of James Hardie.
James Hardie is a leading global producer and marketer of high-performance fiber cement and fiber gypsum building solutions.