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News & Insights

American Bath Group’s Credit Facilities

November 23, 2016

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.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Executive Compensation and Benefits
  • Consumer Products and Services

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
vCard
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York
    Photo
    Name
    Stephen M. Kessing
    Title
    Corporate
    Title
    Partner
    Email
    skessing@cravath.com
    Phone
    +1-212-474-1152
    vCard
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      Education

      • J.D., 2005, Duke Law School
        Order of the Coif, magna cum laude
      • M.B.A., 2001, University of Southern California
      • B.S., 1995, Miami University of Ohio

      Admitted In

      • New York
      Photo
      Name
      J. Leonard Teti II
      Title
      Tax
      Title
      Partner
      Email
      lteti@cravath.com
      Phone
      +1-212-474-1896
      vCard
      Download vCard

        Education

        • J.D., 2005, University of Virginia School of Law
          Order of the Coif
        • A.B., 1999, Princeton University
          with Honors

        Admitted In

        • New York

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