Four Decades for Justice
Cravath represented Citibank, N.A., as lead arranger, in connection with the arrangement of $1.05 billion of credit facilities made available to Valvoline Inc., one of the most recognized and respected premium consumer brands in the global automotive lubricant industry. The facilities consisted of a $575 million term loan facility and a $475 million revolving credit facility. The transaction closed on April 12, 2019.
The Cravath team included partner Joseph D. Zavaglia and associates Holden K. Sumner and Shawn M. Quinn on banking matters; and practice area attorney Janet L. Lewis on real estate matters
Deals & Cases
August 01, 2022
On August 1, 2022, Valvoline Inc., a global leader in vehicle care, announced it has reached a definitive agreement with Aramco for the sale of Valvoline’s Global Products business to Aramco for $2.65 billion in cash. Cravath is representing Valvoline in connection with the transaction.
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