Bakelite US Holdco, Inc. and Bakelite Synthetics UK Limited’s Credit Facilities
June 16, 2022
Cravath represented the administrative agents, joint lead arrangers and joint bookrunners in connection with the arrangement of $585 million of credit facilities made available to Bakelite US Holdco, Inc. and Bakelite Synthetics UK Limited, affiliates of the private equity firms Black Diamond Capital Management LLC and Investindustrial, in connection with the acquisition of Georgia‑Pacific Chemicals LLC, a part of the Georgia‑Pacific business which provides resin and formaldehyde technology to the industrial, chemicals and transportation markets. The facilities consisted of a $100 million asset‑based revolving credit facility and a $485 million term loan facility. The transactions closed on May 27, 2022.
The Cravath team included partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associates Wonnie Song Hall and Trevor Lutzow on banking matters; partner J. Leonard Teti II and associates Sonia Katharani‑Khan and Joana W. Li on tax matters; partner Matthew Morreale on environmental matters; partner Matthew J. Bobby and associates Tiffany B. Wong and Cortez Johnson on executive compensation and benefits matters; and practice area attorney Janet L. Lewis on real estate matters.
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People
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J.D., 2000, Harvard Law Schoolcum laude
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B.A., 1997, Barnard Collegesumma cum laude
- 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., 2012, Harvard Law Schoolmagna cum laude
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M.A., 2009, University of Pennsylvania
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B.A., 2009, University of PennsylvaniaPhi Beta Kappa, summa cum laude
- New York
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J.D., 1995, Harvard Law Schoolcum laude
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B.A., 1992, St. Bonaventure Universitysumma cum laude
- New York
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