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News & Insights

Aggreko’s $1.42 Billion and €1.29 Billion of Term Loan Facilities

July 15, 2025

Cravath represented the administrative agent and lead arrangers in connection with the arrangement of $1.42 billion and €1.29 billion of term loan facilities made available to Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on July 1, 2025.

The Cravath team included partners Joseph D. Zavaglia, Philip Stopford and Isaac C. Beerman, of counsel D. Ana Choi, European counsel Chantelle Dovey and associates Tiancheng Lyu and Rian Dhillon.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • London
  • Private Equity
  • Industrials and Chemicals

People

Photo
Name
Joseph D. Zavaglia
Title
Corporate
Title
Partner
Email
jzavaglia@cravath.com
Phone
+1-212-474-1724
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    Education

    • J.D., 2004, Brooklyn Law School
      Valedictorian, summa cum laude
    • B.B.A., 2001, College of Insurance
      cum laude

    Admitted In

    • New York
    Photo
    Name
    Philip Stopford
    Title
    Corporate
    Title
    Partner
    Email
    pstopford@cravath.com
    Phone
    +44-20-7453-1050
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      Education

      • LPC, 2006, Oxford Institute of Legal Practice
        with Distinction
      • PGDL, 2005, Oxford Brookes University
        with Merit
      • B.A., 2004, University of Oxford
        with Honors

      Admitted In

      • England & Wales
      Photo
      Name
      Isaac C. Beerman
      Title
      Corporate
      Title
      Partner
      Email
      ibeerman@cravath.com
      Phone
      +1-212-474-1048
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        Education

        • J.D., 2010, Harvard Law School
        • B.A., 2006, University of North Carolina at Chapel Hill
          Phi Beta Kappa, cum laude

        Admitted In

        • New York
        Name
        D. Ana Choi
        Title
        Corporate
        Title
        Of Counsel
        Email
        achoi@cravath.com
        Phone
        +1-212-474-1192
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          Education

          • J.D., 2016, Harvard Law School
            magna cum laude
          • A.B., 2013, Harvard College
            magna cum laude

          Admitted In

          • New York
          Photo
          Name
          Chantelle Dovey
          Title
          Corporate
          Title
          European Counsel
          Email
          cdovey@cravath.com
          Phone
          +44-20-7453-1089
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            Education

            • LL.B., 2008, University of Johannesburg
              cum laude
            • B.Com., 2006, University of Johannesburg
              cum laude

            Admitted In

            • England & Wales

            Related News & Insights

            Deals & Cases

            June 13, 2025

            Aggreko’s $1.4 Billion and €850 Million High‑Yield Senior Secured Notes Offering and $1.195 Billion Revolving Credit Facility

            Cravath represented the initial purchasers in connection with the $1.4 billion and €850 million Rule 144A/Reg. S high yield senior secured notes offering of Albion Financing 1 S.à r.l and Aggreko Holdings Inc., subsidiaries of Albion Holdco Limited (“Aggreko”), for the purpose of repaying all of Aggreko’s outstanding senior secured notes and senior notes, paying a dividend and repaying certain preference shares. The offering closed on May 21, 2025.

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