Four Decades for Justice
April 01, 2015
On December 24, 2014, HeidelbergCement AG announced that it agreed to sell its brick and roof‑tile business to Lone Star Funds for $1.4 billion. Cravath represented Credit Suisse, Barclays and Citigroup as lead arrangers of a $150 million ABL facility, a $635 million senior‑lien term loan facility and a $260 million junior‑lien term loan facility to finance Lone Star Funds’s acquisition of Hanson Building Products Limited, a divested subsidiary of HeidelbergCement AG. The transaction closed on March 13, 2015.
The Cravath team included partners Craig F. Arcella, Paul H. Zumbro and Stephen M. Kessing, senior attorney Margot A. Wagner, practice area attorney Jin Hee Kim and associates Jane K. Manning, Brendan R. Mahan, Welton E. Blount Jr. and Sabino M. Casella on banking matters; partner J. Leonard Teti II and associate Dmitry Zelik on tax matters; and partner Eric W. Hilfers and associates Julia L. Onorato and Amy C. Benford on executive compensation and benefits matters. Benjamin G. H. Lazar also worked on banking matters.
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