Credit Suisse Leads Initial Purchasers in Senior Notes Financing for Acquisition of Hamilton Sundstrand Industrial Business
December 13, 2012
On December 13, 2012, affiliates of the Carlyle Group L.P. (“Carlyle”) and BC Partners Ltd (“BCP”) completed their approximately $3.4 billion acquisition of the Hamilton Sundstrand industrial businesses from United Technologies Corporation. Cravath, having previously represented Credit Suisse as joint lead arranger of committed financing in connection with the acquisition, represented Credit Suisse and the other initial purchasers in an offering of $650 million of senior notes of Silver II Borrower S.C.A. and Silver II US Holdings, LLC, issuers controlled by affiliates of Carlyle and BCP. The senior notes were sold in a Rule 144A offering that also closed on December 13, 2012. Proceeds from the offering were used as part of the financing for the acquisition.
The Cravath team included partner Craig F. Arcella and associate Christopher K. Couvelier on corporate matters; senior attorney Annmarie M. Terraciano on environmental matters; associate Neetin Gulati on tax matters; and associate Sarah E. Fortt on executive compensation and benefits matters. A. Rebecca Hurt also worked on corporate matters.
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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B.A., 1995, Duke University
- 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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