Cahill Represents Initial Purchaser in Meridian Arc HoldCo’s $5.7 Billion High-Yield Bond Offering

"Cahill represented Citigroup Global Markets Inc., as initial purchaser, in Meridian Arc HoldCo LLC’s $5.7 billion offering of 6.25% five-year senior secured notes to finance AI-focused data center development in Sullivan County, Indiana. Meridian Arc, a JV formed by entities affiliated with Next Frontier and Fluidstack, will build a c.430 MW campus with obligations supported by Google."

Cahill represented Citigroup Global Markets Inc., the initial purchaser, in Meridian Arc HoldCo LLC’s $5.7 billion offering of 6.25% five-year senior secured notes. The offering was launched to finance the development of AI-focused data center facilities in Sullivan County, Indiana. Meridian Arc HoldCo LLC, a joint venture formed by entities affiliated with Next Frontier and Fluidstack, will use the proceeds to construct a data center campus expected to deliver approximately 430 MW of critical IT load, with obligations supported by Google. The transaction represents the largest high-yield bond offering for a data center project to date and reflects continued growth in infrastructure investment supporting artificial intelligence and high-performance computing. Cahill represented Citigroup Global Markets Inc., the initial purchaser, with a team composed by: Ariel Goldman (partner), Matthew E. Rosenthal (partner), Steven A. Wasserfall (associate), Luke Twardowski (associate), Daniel M. Reyes (associate) and Tanner Bowen (associate).

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Cahill Represents Initial Purchaser in Meridian Arc HoldCo’s $5.7 Billion High-Yield Bond Offering

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Cahill Represents Initial Purchaser in Meridian Arc HoldCo’s $5.7 Billion High-Yield Bond Offering

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