Four Decades for Justice
April 29, 2016
Cravath represented the initial purchasers, led by Credit Suisse, in connection with the US$400 million high yield senior debt offering of Quorum Health Corporation. Cravath also represented the agent and arranger, Credit Suisse, in connection with the arrangement of an aggregate of US$980 million of senior secured credit facilities for Quorum Health Corporation. The financing transactions were consummated in connection with Quorum Health Corporation’s spin‑off from Community Health Systems in April 2016.
The Cravath team was led by partners Joseph D. Zavaglia and Stephen M. Kessing and included associates Edward J. Reed and Alex L. Winkelman on securities matters and associates Joshua Ayal and Peter H. Webb 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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