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News & Insights

Beacon Roofing Supply, Inc.’s Secondary Common Stock Offering

May 16, 2016

Cravath represented the underwriter, Credit Suisse, in connection with the US$360 million registered secondary common stock offering of Beacon Roofing Supply, Inc., the second largest distributor of residential and commercial roofing materials in the United States at the time of the offering. The shares were listed on the NASDAQ Global Select Market. The transaction closed on May 16, 2016.

The Cravath team included partner Stephen L. Burns and associates Nicholas A. Dorsey, Andrew T. Murphy and Erim E. Tuc.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Industrials and Chemicals

People

Photo
Name
Stephen L. Burns
Title
Corporate
Title
Retired Partner
Email
sburns@cravath.com
Phone
+1-212-474-1146
vCard
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    Education

    • J.D., 1990, The University of Texas School of Law
      with Honors
    • B.B.A., 1987, University of Oklahoma
      with Distinction

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    Coupang, Inc.’s $1.5 Billion Revolving Credit Facility

    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Coupang, Inc., a leading global technology and commerce company providing retail, restaurant delivery, video streaming and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch. The transaction closed on June 2, 2025.

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    DraftKings Inc.’s Credit Facility

    Cravath represented Morgan Stanley, as administrative agent, joint lead arranger, joint bookrunner and collateral agent, in connection with a $500 million revolving credit facility made available to DraftKings Inc. and certain of its subsidiaries. DraftKings Inc. operate as a digital sports entertainment and gaming company in the United States and internationally. The transaction closed on November 7, 2024.

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    Reynolds Consumer Products Inc.’s Revolving Credit Facility

    Cravath represented the lead bookrunner in connection with a $700 million revolving credit facility made available to Reynolds Consumer Products Inc. Reynolds Consumer Products Inc. produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. The transaction closed on October 17, 2024.

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    Aptiv PLC’s $3.1 Billion of Credit Facilities

    Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $3.1 billion of credit facilities made available to Aptiv PLC and certain of its subsidiaries. Aptiv PLC is a leading global technology and mobility architecture company primarily serving the automotive sector. The facilities consisted of a $2.5 billion bridge credit facility, used to partially finance the accelerated share repurchase of up to $3.0 billion of Aptiv PLC’s ordinary shares, and a $600 million term loan facility. The transactions closed on August 1, 2024, and August 19, 2024.

    Cravath Bicentennial

    Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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