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Sorenson Communications' First Lien Credit Facilities

Cravath represented Credit Suisse, as administrative agent and lead arranger, in connection with the arrangement of $725 million of first lien credit facilities made available to Sorenson Communications, LLC, a provider of videophones and software to deaf and hard-of-hearing individuals. The credit facilities consisted of a $700 million term facility and a $25 million revolving credit facility. The transaction closed on April 29, 2019.

The Cravath team included partners Michael S. Goldman and Sasha Rosenthal-Larrea and associate Adam G. DiSimine on banking matters, and associate Andrew L. Mandelbaum on tax matters. Jason L. Zhang also worked on banking matters and Dixing Tang worked on executive compensation and benefits matters.