Four Decades for Justice
Cravath represented Credit Suisse AG in connection with the arrangement of a $650 million senior secured first lien term loan facility and a $150 million senior secured second lien term loan facility, and UBS AG in connection with the arrangement of a $120 million senior secured ABL facility. In each case, the loans were made available to an affiliate of CVC Capital Partners Advisory (U.S.), Inc. and BA Glass B.V. to finance their acquisition of the shares of Glass Container Holdings, Inc. and for general corporate purposes. Glass Container Holdings, Inc. is the parent company of Anchor Glass Container Corporation, a leading manufacturer of glass packaging for beer, liquor, food, beverage, ready‑to‑drink and consumer end‑markets. The transactions closed on December 7, 2016.
The Cravath team included partners Paul H. Zumbro and Craig F. Arcella, senior attorney Sarah F. Rosen and associates Isaac C. Beerman, Bethany A. Pfalzgraf, Samuel P. Niles, Noah X. DeBlasi and Shakera M. Thompson on banking matters; practice area attorney Janet L. Lewis on real estate matters; partner Matthew Morreale on environmental matters; and partner Eric W. Hilfers on executive compensation and benefits matters. Anthony J. Ramirez and Nathan H. Trunnell also worked on banking matters and Christopher C. Gonnella also worked on executive compensation and benefits matters.
Deals & Cases
March 29, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a £1.35 billion bridge facility made available to fund the proposed acquisition of Spirent Communications by Keysight Technologies, Inc., outbidding a previous proposal by Viavi Solutions. Keysight Technologies, Inc. is a global innovator in the computing, communications and electronics market. The transaction announced on March 28, 2024.
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 31, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.3 billion term loan facility made available to Broadridge Financial Solutions, Inc., a leading provider of investor communications, technology‑driven solutions and data and analytics to the financial services industry. The transaction closed on August 17, 2023.
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