Darius Cade
Associate, Chicago
Biography
Overview
Darius is an associate in the Debt Finance group of the White & Case Chicago office. His practice primarily focuses on the representation of major commercial banks, direct lenders, private equity sponsors and corporate borrowers in connection with unsecured and secured credit facilities, with an emphasis on middle market leveraged acquisition financings.
Bars and Courts
Illinois
Texas
Education
JD
University of Texas School of Law
Bachelor of Arts
Political Science and International Studies
Baylor University
Languages
English
Experience
Select representative matters include:
- Representation of Antares Capital LP, as Administrative Agent and Collateral Agent, and Oak Hill Advisors in connection with a US$415 million acquisition financing. The proceeds were used to consummate the acquisition of Rimkus Consulting Group, Inc. ("Rimkus"), to refinance Rimkus's existing indebtedness and for general working capital purposes. Rimkus is a Texas-based engineering and technical consulting company.
- Representation of Vortex Companies, LLC, a portfolio company of Quad-C Management, Inc., in connection with an incremental amendment to its existing credit facility, which included US$52 million in incremental term loans and US$50 million in incremental delayed draw term loans. The proceeds were used to acquire Applied Felts, Inc. and its subsidiaries, a manufacturer of felt and fiberglass reinforced CIPP liners for gravity sewer, pressure pipe and potable water applications.
- Representation of Quad-C Management, Inc., as Sponsor, in connection with the financing for its acquisition of Vortex Companies, LLC and its subsidiaries. The financing involved a US$85 million term loan facility, a US$55 million delayed draw term loan facility, and a US$20 million revolving credit facility.
- Representation of Verinext Corp., a portfolio company of Mill Point Capital, in connection with an amendment to its existing ABL credit facility with JPMorgan Chase Bank, N.A. as Administrative Agent. The facility was amendment to, amongst other things, increase the Revolving Commitment to US$55 million.
- Representation of Oaktree as lead in a club of direct lenders financing the acquisition of Duck Creek Technologies by Vista. The financing involved a US$650 million term loan and a US$65 million revolving credit facility.
- Representation of Owl Rock Core Income Corp., as Administrative Agent and Collateral Agent, in connection with a US$2.75 billion financing comprised of a US$2.5 billion term loan facility and US$250 million revolving credit facility. Avalara, Inc., a tax software company, acted as Borrower. The proceeds were used to acquire Avalara and its subsidiaries and to take the company private.
- Representation of BNP Paribas, as Administrative Agent, the Collateral Agent, the Swingline Lender, and a Letter of Credit Issuer, in connection with a US$600 million term loan facility and a US$100 million revolving credit facility financing provided to Panda Acquisition, LLC, a portfolio company of Bain Capital Credit. The proceeds of which were used to acquire Merchants Automotive Group Holdings, LLC, a used car retailer and for general corporate purposes.
- Representation of Bank of America, as Agent and Issuing Lender, in connection with US$250 million senior secured facilities provided to P20 Parent, Inc. The proceeds of the facilities will be used to provide working capital, letters of credit, and for other general purposes. P20 Parent, Inc. is the parent company of P20 Global Holdings Inc., the leading pure play provider of outsourced global employer of record ("EOR") and agent of record ("AOR") services to market makers in talent.