Cahill represented Morgan Stanley and J.P. Morgan as joint book-running managers and BMO Capital Markets as co-lead manager in connection with the Rule 144A offering of $875,000,000 aggregate principal amount of 6.75% Senior Secured Notes due 2019 and $275,000,000 aggregate principal amount of 9.75% Senior Notes due 2020 by Florida East Coast Holdings Corp. and Florida East Coast Industries, LLC.
Proceeds were used to pay a dividend and refinance outstanding indebtedness. Cahill also represented the dealer manager in connection with the concurrent tender offer to redeem any and all of Florida East Coast’s outstanding 10.5% / 11.25% Senior PIK Toggle Notes due 2017.
