PRESS RELEASE
29 September 2025

Cahill Represents Initial Purchasers In Watco’s $250 Million Add-On Notes Offering

CG
Cahill Gordon & Reindel LLP

Contributor

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
Cahill represented the initial purchasers in connection with an offering of $250 million aggregate principal amount...
United States

Cahill represented the initial purchasers in connection with an offering of $250 million aggregate principal amount of 7.125% add-on senior notes due 2032 by Watco Companies, L.L.C. and Watco Finance Corp.

Proceeds from the offering were used to redeem the company's remaining outstanding 6.5% senior notes due 2027, to repay a portion of the senior secured credit facility, to pay all fees and expenses associated therewith, and general corporate purposes.

Watco is a leading integrated transportation services provider.

Contributor

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
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