On November 7, 2018, Leggett & Platt Inc. (“Leggett & Platt”) and Elite Comfort Solutions, Inc. (“ECS”) announced that they have entered into a definitive merger agreement under which Leggett & Platt will acquire ECS for $1.25 billion in cash. Cravath is representing JPMorgan Chase Bank, N.A. in connection with the arrangement of $900 million of credit facilities that will be made available to Leggett & Platt in order to finance the acquisition.

The Cravath team is led by partner Stephen M. Kessing and associate P. Purun Cheong on banking matters; partner Andrew J. Pitts and associates Steven Y. Li and Shu‑en Wee on securities matters; and associates Richard Bohm and Jiyeon K. Barta on tax matters.