Credit Suisse Leads Initial Purchasers in Senior Notes Financing for Acquisition of Syniverse
December 23, 2010
Cravath represented Credit Suisse Securities (USA) LLC, Barclays Capital Inc. and Goldman, Sachs & Co. in their roles as the initial purchasers of $475 million of senior notes of Buccaneer Merger Sub, Inc. (“Buccaneer”) in a Rule 144A offering that closed on December 22, 2010. Buccaneer is owned by a fund managed by The Carlyle Group and will serve as the acquisition vehicle for Carlyle’s leveraged buy-out of Syniverse Holdings, Inc. (“Syniverse”) in a transaction valued at $2.7 billion. Syniverse is a leading global provider of interoperability services used by wireless telephone carriers. The proceeds of the Buccaneer notes have been placed into escrow and will be available as a source of financing for the acquisition, pending satisfaction of customary closing conditions.
The Cravath team included partner Craig F. Arcella and associates Stephen M. Kessing, Todd D.C. Anderman and Aikaterini Kousoula. J. Paul Hoest also worked on the offering.
Related Practices & Industries
People
- Photo
-
-
J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 1995, Duke University
- New York
Education
Admitted In
- Photo
-
-
J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
-
M.B.A., 2001, University of Southern California
-
B.S., 1995, Miami University of Ohio
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
July 14, 2025
Weyerhaeuser Company’s $1.75 Billion Revolving Credit Facility
Cravath represented Weyerhaeuser Company in connection with its $1.75 billion revolving credit facility. Weyerhaeuser Company is one of the world’s largest private owners of timberlands. The transaction closed on June 30, 2025.
Deals & Cases
June 17, 2025
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.
Deals & Cases
December 02, 2024
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.
Deals & Cases
October 29, 2024
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.
