Four Decades for Justice
November 07, 2016
On November 3, 2016, American Axle & Manufacturing Holdings, Inc. (“American Axle”) and Metaldyne Performance Group Inc. (“MPG”) announced that they have entered into a definitive merger agreement under which American Axle will acquire MPG for approximately $1.6 billion in cash and stock, plus the assumption of $1.7 billion in net debt. Cravath is representing JPMorgan Chase Bank, N.A. in connection with the arrangement of $3.65 billion of credit facilities that will be made available to American Axle in order to finance the acquisition. The facilities will include a $100 million senior secured term loan A facility, a $1.55 billion senior secured term loan B facility, an $800 million senior secured revolving credit facility and a $1.2 billion senior unsecured bridge facility.
The Cravath team is led by partners George E. Zobitz and Stephen L. Burns and includes senior attorney Sarah F. Rosen and associates W. Lee Johnston and Jin‑Kyu Baek. Eric J. Zepp also worked on this matter.
Deals & Cases
April 08, 2024
Cravath represented the underwriters in connection with the $2.5 billion registered offering of depositary shares representing preferred stock of JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The transaction closed on March 12, 2024.
Deals & Cases
February 06, 2024
Cravath represented the underwriters in connection with the $8 billion registered fixed‑to‑floating rate notes and $500 million registered floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on January 23, 2024.
Deals & Cases
November 27, 2023
Cravath represented the managers in connection with the €2 billion fixed‑to‑floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. This offering was issued under JPMorgan Chase & Co.’s $65 billion Euro medium‑term note program. The transaction closed on November 13, 2023.
Deals & Cases
November 06, 2023
Cravath represented the underwriters in connection with the $2 billion registered fixed‑to‑floating rate green notes and $5.25 billion registered fixed-to-floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on October 23, 2023.
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