Four Decades for Justice
December 23, 2010
Cravath represented Credit Suisse Securities (USA) LLC, Barclays Capital Inc. and Goldman, Sachs & Co. in their roles as the initial purchasers of $475 million of senior notes of Buccaneer Merger Sub, Inc. (“Buccaneer”) in a Rule 144A offering that closed on December 22, 2010. Buccaneer is owned by a fund managed by The Carlyle Group and will serve as the acquisition vehicle for Carlyle’s leveraged buy-out of Syniverse Holdings, Inc. (“Syniverse”) in a transaction valued at $2.7 billion. Syniverse is a leading global provider of interoperability services used by wireless telephone carriers. The proceeds of the Buccaneer notes have been placed into escrow and will be available as a source of financing for the acquisition, pending satisfaction of customary closing conditions.
The Cravath team included partner Craig F. Arcella and associates Stephen M. Kessing, Todd D.C. Anderman and Aikaterini Kousoula. J. Paul Hoest also worked on the offering.
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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