Four Decades for Justice
October 23, 2018
Cravath represented Credit Suisse in connection with the arrangement of a senior secured credit facility made available to an affiliate of ITE Management L.P., an investment firm targeting industrial and transportation assets and companies, and related industries and services, to finance its acquisition of American Railcar Industries, a prominent North American designer and manufacturer of hopper and tank railcars. The transaction is valued at $1.75 billion and is expected to close in the fourth quarter of 2018.
The Cravath team included partner Joseph D. Zavaglia, practice area attorney Justin D. Forlenza and associate Jessie Chiang on financing matters, and partner Matthew Morreale on environmental matters. Samyel Lee also worked on financing 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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