Cravath’s New York Office Moves to Two Manhattan West
Cravath represented Credit Suisse AG in connection with approximately $470 million of first lien and second lien credit facilities made available to American Bath Group, LLC, a premier manufacturer of bathing products. The facilities consisted of a $325 million first lien term loan facility, a $50 million revolving credit facility and a $95 million second lien term loan facility to be used to finance the acquisition by an affiliate of Lone Star Capital of American Bath Group, LLC, to repay existing debt and for working capital. The transaction closed on September 30, 2016.
The Cravath team included partners Craig F. Arcella and Stephen M. Kessing and associates Isaac C. Beerman, Matthew G. Jones, Joshua Ayal, Zara Bari, Peter H. Webb and Bryan G. Jones on banking matters; partner J. Leonard Teti II and associates Dmitry Zelik, Lingfeng Li, Ashley May and Arvind Ravichandran on tax matters; and associate Peretz Riesenberg on executive compensation and benefits matters. DongHwa Kim also worked on banking 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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