Arclin’s Senior Secured Term Loan Facilities and ABL Credit Facility
March 23, 2017
Cravath represented Credit Suisse in connection with the arrangement of a $480 million senior secured first lien term loan facility and a $125 million senior secured second lien term loan facility. Cravath also represented RBC Capital Markets in connection with the arrangement of a $75 million ABL revolving credit facility. In each case, the loans were made available to an affiliate of Lone Star Capital to finance the acquisition of Arclin, a chemistry and applications company. The transactions closed on February 14, 2017.
The Cravath team included partners Michael S. Goldman, Craig F. Arcella and Stephen M. Kessing and associates Jared B. Taylor, Matthew G. Jones, DongHwa Kim and Joe Lieberman on banking matters; partner J. Leonard Teti II and senior attorney Andrew Carlon on tax matters; associates Brian B. Kennedy and Peretz Riesenberg on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Anthony J. Ramirez and Valerie E. Wood also worked on banking matters, and Andrew L. Mandelbaum also worked on tax matters.
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People
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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B.A., 1995, Duke University
- New York
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
- New York
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 1987, Fordham University School of Lawcum laude
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B.A., 1984, University of Pennsylvaniacum laude
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