Alcoa’s $1.5 Billion Senior Secured Revolving Credit Facility

Cravath represented JPMorgan Chase Bank, N.A. in connection with the arrangement of a $1.5 billion senior secured revolving credit facility made available to Alcoa Nederland Holding B.V. to be used to provide working capital and for other general corporate purposes. Alcoa is a global leader in lightweight metals technology, engineering and manufacturing. The transaction closed on September 16, 2016.

The Cravath team included partner George E. Zobitz and associates David J. Benhamou and Noah X. DeBlasi on banking matters; partner J. Leonard Teti II and associates Peter W. Rogers and Ashley May on tax matters; partner Karin A. DeMasi and associate Nathan E. Denning on litigation matters; senior attorney Annmarie M. Terraciano on environmental matters; and associates Brian B. Kennedy and Peretz Riesenberg on executive compensation and benefits matters. Eric J. Zepp also worked on banking matters.