Four Decades for Justice
Cravath represented the initial purchasers, led by Wells Fargo Securities, BMO Capital Markets and Credit Suisse, in connection with the $400 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. Cravath also represented the dealer manager in connection with Credit Acceptance Corporation’s concurrent cash tender offer. The transaction closed on December 18, 2019.
The Cravath team included partner Nicholas A. Dorsey and associate William M. Heisey on securities matters, and associate Jiyeon K. Barta on tax matters. Nastassia Shcherbatsevich also worked on securities matters and Luis Calderon‑Gomez also worked on tax matters.
Deals & Cases
February 15, 2024
Cravath represented the underwriters in connection with the $750 million registered senior notes offering of KLA Corporation, a leading supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The transaction closed on February 1, 2024.
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.
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