Cravath’s London Office Moves to 100 Cheapside
March 01, 2018
Cravath represented Goldman Sachs Lending Partners LLC, Credit Suisse AG and JPMorgan Chase Bank, N.A. in connection with the arrangement of approximately $1.4 billion of first lien and second lien credit facilities, made available to AVSC Holding Corp. to refinance existing indebtedness, and for working capital and other general corporate purposes. The facilities included a $1.105 billion first lien term loan facility, a $100 million revolving credit facility and a $200 million second lien term loan facility. The transaction closed on March 1, 2018.
The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associates Claudia J. Ricciardi and Stephanie M. Park on banking matters, and associate Joyce Y. Kim on tax matters.
Deals & Cases
October 30, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4 billion revolving credit facility made available to Valero Energy Corporation, a leading multinational manufacturer and marketer of petroleum‑based and low‑carbon liquid transportation fuels and petrochemical products. The transaction closed on October 16, 2025.
Deals & Cases
October 14, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $1.8 billion of credit facilities made available to Crane Company, as part of the financing transactions undertaken in connection with its pending acquisition of Precision Sensors & Instrumentation (“PSI”) product line from Baker Hughes, a leading energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Crane Company is a leading industrial manufacturing and technology company. The credit facilities consisted of a $900 million term loan facility and a $900 million revolving credit facility. The transaction closed on September 30, 2025.
Deals & Cases
September 02, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Otis Worldwide Corporation, a leading elevator and escalator manufacturing, installation and service company. The transaction closed on August 8, 2025.
Deals & Cases
September 02, 2025
Cravath represented the administrative agent, lead arrangers and bookrunners in connection with $2 billion of credit facilities made available to Verisk Analytics, Inc. (“Verisk”), as part of the financing transactions undertaken in connection with its pending acquisition of Exactlogix, Inc. (“AccuLynx.com”). Verisk is a leading data, analytics and technology provider serving clients in the insurance ecosystem. The credit facilities consisted of a $750 million term loan facility and a $1.25 billion revolving credit facility. The transaction closed on August 15, 2025.
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