Four Decades for Justice
December 20, 2017
Cravath represented the arrangers of $1.03 billion of senior secured credit facilities that have been or will be made available to MTN Infrastructure TopCo, Inc. (“MTN”), an affiliate of EQT Partners Inc. The financing made available to MTN at closing on November 17, 2017 consisted of a $485 million term loan facility and a $75 million revolving credit facility to finance the acquisition of Lumos Networks Corp. (“Lumos”), a fiber‑based bandwidth infrastructure provider, as well as to repay existing indebtedness of Lumos, and for working capital and other general corporate purposes. Upon the satisfaction of certain additional conditions, a $475 million delayed draw term loan facility and a $50 million increase to the existing revolving credit facility will be made available to MTN to finance the acquisition of Spirit Communications (“Spirit”), a fiber‑based data and broadband service provider, as well as to repay existing indebtedness of Spirit, and for working capital and other general corporate purposes. The Spirit acquisition and the financing in connection therewith is expected to be completed during the first half of 2018.
The Cravath team included partner Craig F. Arcella and associates Isaac C. Beerman and Valerie Sapozhnikova on banking matters; associate Joyce Y. Kim on tax matters; and associate Philip F. Schreiber on executive compensation and benefits matters. Jieun Lim also worked on banking matters.
Deals & Cases
February 05, 2024
Cravath represented Artivion, Inc. in connection with $350 million of credit facilities obtained from Ares Management Credit funds to comprehensively address its debt maturities. Artivion is a medical device company focused on developing simple, elegant solutions that address cardiac and vascular surgeons’ most difficult challenges in treating patients with aortic diseases. The facilities consisted of a $190 million secured term loan facility, a $100 million secured delayed draw term loan facility and a $60 million secured revolving credit facility. The transaction closed on January 18, 2024.
Deals & Cases
February 01, 2023
Cravath represented Monogram Health Holdings, Inc. in connection with its $375 million Series C financing round, consisting of a private placement of series C preferred stock. Monogram Health Holdings is the parent company of Monogram Health, Inc., a leading kidney‑disease‑focused benefit management and care delivery company. The transaction closed on December 23, 2022.
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