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News & Insights

AdvanSix’s Senior Secured Revolving Credit Facility

February 21, 2018

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.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Executive Compensation and Benefits
  • Industrials and Chemicals

People

Photo
Name
Stephen M. Kessing
Title
Corporate
Title
Partner
Email
skessing@cravath.com
Phone
+1-212-474-1152
vCard
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    Education

    • J.D., 2005, Duke Law School
      Order of the Coif, magna cum laude
    • M.B.A., 2001, University of Southern California
    • B.S., 1995, Miami University of Ohio

    Admitted In

    • New York

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    Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $600 million revolving credit facility made available to Valvoline Inc., a leader in automotive preventive maintenance delivering convenient and trusted services in its retail stores throughout the United States and Canada. The transaction closed on August 24, 2026.

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    3M Company’s $4.25 Billion Revolving Credit Facility

    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4.25 billion revolving credit facility made available to 3M Company, a leading diversified technology company. The transaction closed on August 17, 2026. 

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    AdvanSix Inc.’s Credit Facilities

    Cravath represented AdvanSix Inc. in connection with $425 million of credit facilities. AdvanSix Inc. is a leading integrated chemistry company that produces essential materials for diverse end markets. The facilities consisted of a $275 million revolving credit facility and a $150 million term loan facility. The transaction closed on August 14, 2026. 

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