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YRC Worldwide, Inc.'s Term Loan Facility

Cravath represented Credit Suisse, as lead arranger, in connection with the arrangement of a $600 million term loan credit facility provided to YRC Worldwide, Inc. (“YRC”) in order to refinance YRC’s existing term loan facility. This maturity extension of the term loan facility was an important liability management transaction for YRC, as it allowed YRC to focus on addressing other upcoming maturities and avoid a “springing” maturity of its asset‑based loan facility. The transaction closed on July 26, 2017.

The Cravath team was led by partner Paul H. Zumbro and included senior attorney Sarah F. Rosen and associate Steven Y. Li on banking matters; associate Andrew T. Davis on tax matters; and associate Aaron J. Feuer on executive compensation and benefits matters. Valerie E. Wood also worked on banking matters.