Four Decades for Justice
December 13, 2012
On December 13, 2012, affiliates of the Carlyle Group L.P. (“Carlyle”) and BC Partners Ltd (“BCP”) completed their approximately $3.4 billion acquisition of the Hamilton Sundstrand industrial businesses from United Technologies Corporation. Cravath, having previously represented Credit Suisse as joint lead arranger of committed financing in connection with the acquisition, represented Credit Suisse and the other initial purchasers in an offering of $650 million of senior notes of Silver II Borrower S.C.A. and Silver II US Holdings, LLC, issuers controlled by affiliates of Carlyle and BCP. The senior notes were sold in a Rule 144A offering that also closed on December 13, 2012. Proceeds from the offering were used as part of the financing for the acquisition.
The Cravath team included partner Craig F. Arcella and associate Christopher K. Couvelier on corporate matters; senior attorney Annmarie M. Terraciano on environmental matters; associate Neetin Gulati on tax matters; and associate Sarah E. Fortt on executive compensation and benefits matters. A. Rebecca Hurt also worked on corporate matters.
Deals & Cases
November 27, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $14 billion of credit facilities made available to RTX Corporation, an aerospace and defense company that provides systems and services for commercial, military, and government customers worldwide. The facilities consisted of a $10 billion bridge credit facility and a $4 billion term loan facility. The transactions closed on October 24, 2023 and November 7, 2023.
Deals & Cases
October 06, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $2.4 billion of credit facilities made available to Cencora, Inc., a leading global pharmaceutical solutions organization committed to improving patient access to products and enhance patient care. The facilities consisted of a $355 million tranche one revolving credit facility and a $2.045 billion tranche two revolving credit facility. The transaction closed on October 6, 2023.
Deals & Cases
August 30, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with an $800 million revolving credit facility made available to Albany International Corp. and certain of its subsidiaries. Albany International Corp. is a leading provider in the textile and materials processing business. The transaction closed on August 16, 2023.
Deals & Cases
August 30, 2023
Cravath represented the lead arrangers in connection with senior facilities to finance the pending acquisition of Palex Medical by funds advised by the private equity firms Apax Partners LLP and Fremman Capital. Palex Medical is a leading provider of high value‑added medical technology equipment and solutions in Southern Europe.
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