Four Decades for Justice
June 08, 2018
Cravath represented Goldman Sachs Bank USA in connection with the arrangement of a $1.2 billion revolving credit facility, a $350 million term loan and a $400 million delayed draw term loan made available to Westinghouse Air Brake Technologies Corporation, a leading supplier of value‑added, technology‑based products and services for freight rail, passenger transit and select industrial markets worldwide. The facilities will be used to finance the pending acquisition of GE’s transportation business and for working capital and other general corporate purposes. The transaction closed on June 8, 2018.
The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associate Michael W. Fahner on banking matters; partner J. Leonard Teti II and associate Andrew L. Mandelbaum on tax matters; senior attorney Annmarie M. Terraciano on environmental matters; and associate Faye C. Whiston on executive compensation and benefits matters.
Deals & Cases
March 29, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a £1.35 billion bridge facility made available to fund the proposed acquisition of Spirent Communications by Keysight Technologies, Inc., outbidding a previous proposal by Viavi Solutions. Keysight Technologies, Inc. is a global innovator in the computing, communications and electronics market. The transaction announced on March 28, 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 31, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.3 billion term loan facility made available to Broadridge Financial Solutions, Inc., a leading provider of investor communications, technology‑driven solutions and data and analytics to the financial services industry. The transaction closed on August 17, 2023.
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