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Cincinnati Bell's Receivables Securitization Facility

Cravath represented Cincinnati Bell Inc. (“CBB”) in connection with the arrangement of a $250 million accounts receivable securitization facility provided to its subsidiaries, Cincinnati Bell Funding LLC and Cincinnati Bell Funding Canada Ltd. CBB is a leading provider of integrated communications and IT solutions. The transaction closed on May 10, 2018.

The Cravath team included partner Stephen M. Kessing, senior attorney Ralph B. Currey III and associates Stephanie L. Rowan and Joshua L. Bowman on banking matters, and associate Cecily Xi on tax matters.