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Alliance Laundry's $1.150 Billion of Credit Facilities

Cravath represented the borrower, Alliance Laundry Systems LLC, in connection with the arrangement of its $1.150 billion credit facilities provided by a syndicate of banks led by Bank of America, N.A. The facilities consisted of a $1.025 billion term loan facility and a $125 million revolving credit facility. Alliance Laundry Systems, a world leader in commercial laundry, is an affiliate of BDT Capital Partners. The transaction closed on February 28, 2019.

The Cravath team included partner Sasha Rosenthal‑Larrea and associate Timothy N. Nguyen on banking matters, and senior attorney M.C. Tania Balthazaar on executive compensation and benefits matters.