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News & Insights

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.

Related Practices & Industries

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

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York
    Photo
    Name
    Stephen M. Kessing
    Title
    Corporate
    Title
    Partner
    Email
    skessing@cravath.com
    Phone
    +1-212-474-1152
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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
      Photo
      Name
      J. Leonard Teti II
      Title
      Tax
      Title
      Partner
      Email
      lteti@cravath.com
      Phone
      +1-212-474-1896
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        Education

        • J.D., 2005, University of Virginia School of Law
          Order of the Coif
        • A.B., 1999, Princeton University
          with Honors

        Admitted In

        • New York
        Photo
        Name
        Matthew Morreale
        Title
        Corporate
        Title
        Partner
        Email
        mmorreale@cravath.com
        Phone
        +1-212-474-1534
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          Education

          • J.D., 1997, Columbia Law School
            Harlan Fiske Stone Scholar
          • M.S., 1994, University of Pennsylvania
          • B.A., 1990, University of Pennsylvania
          • B.A.S., 1990, University of Pennsylvania

          Admitted In

          • New York
          Photo
          Name
          Michael S. Goldman
          Title
          Corporate
          Title
          Retired Partner
          Email
          mgoldman@cravath.com
          Phone
          +1-212-474-1999
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            Education

            • J.D., 1987, Fordham University School of Law
              cum laude
            • B.A., 1984, University of Pennsylvania
              cum laude

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            iBanFirst’s Amendment and Restatement of its Senior Facilities Agreement

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