Cravath’s London Office Moves to 100 Cheapside
Cravath represented the borrower, AdvanSix Inc., in connection with the arrangement of its $425 million five‑year revolving credit facility by a syndicate of banks led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, to be used to refinance certain existing indebtedness, and for working capital and other general corporate purposes. AdvanSix Inc. is a leading manufacturer of Nylon 6 polymer resin, chemical intermediates and ammonium sulfate fertilizer. The transaction closed on February 21, 2018.
The Cravath team included partner Stephen M. Kessing and associate Samantha B. Zager on banking matters, and associate Peretz Riesenberg on executive compensation and benefits matters. Faye C. Whiston also worked on executive compensation and benefits matters.
Deals & Cases
November 24, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2 billion revolving credit facility made available to Thomson Reuters Corporation, a leading AI and technology company empowering professionals with trusted content and workflow automation. The transaction closed on November 10, 2025.
Deals & Cases
October 30, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4 billion revolving credit facility made available to Valero Energy Corporation, a leading multinational manufacturer and marketer of petroleum‑based and low‑carbon liquid transportation fuels and petrochemical products. The transaction closed on October 16, 2025.
Deals & Cases
October 14, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $1.8 billion of credit facilities made available to Crane Company, as part of the financing transactions undertaken in connection with its pending acquisition of Precision Sensors & Instrumentation (“PSI”) product line from Baker Hughes, a leading energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Crane Company is a leading industrial manufacturing and technology company. The credit facilities consisted of a $900 million term loan facility and a $900 million revolving credit facility. The transaction closed on September 30, 2025.
Deals & Cases
September 02, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Otis Worldwide Corporation, a leading elevator and escalator manufacturing, installation and service company. The transaction closed on August 8, 2025.
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