Credit Facilities for Crane NXT, Co. and Crane Company in Connection with Spin‑Off of Crane Company from Crane Holdings, Co.
April 03, 2023
Cravath represented the arranger and the administrative agent in connection with the arrangement of $850 million of credit facilities, consisting of a $500 million revolving credit facility and a $350 million term loan facility, made available to Crane Holdings, Co. (which was renamed Crane NXT, Co.) on March 31, 2023 and the $800 million of credit facilities, consisting of a $500 million revolving credit facility and a $300 million term loan facility, made available to Crane Company on April 3, 2023.
The Cravath team included partner Tatiana Lapushchik and associates Marianne Madden and Sophia Premji on banking matters; associates Kyle R. Jorstad and Emily R. Eskin on tax matters; practice area attorney David Crampton on executive compensation and benefits matters; and senior attorney Annmarie M. Terraciano on environmental 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., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
- New York
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