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Cravath Publishes Summer 2026 Issue of Alumni Journal

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News & Insights

Credit Suisse’s Arrangement of Financing for Acquisition of DuPont Performance Coatings

September 05, 2012

On August 30, 2012, E. I. du Pont de Nemours and Company entered into a definitive agreement pursuant to which an affiliate of Carlyle Group L.P. will acquire its performance coatings unit for approximately $4.9 billion. Cravath represented Credit Suisse as a joint lead arranger of committed financing in connection with this transaction.

The Cravath team included partners Craig F. Arcella and Joseph D. Zavaglia and associates Brandon R. DeFrehn and Alexandra C. Orme.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Private Equity
  • Industrials and Chemicals

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York
    Photo
    Name
    Joseph D. Zavaglia
    Title
    Corporate
    Title
    Partner
    Email
    jzavaglia@cravath.com
    Phone
    +1-212-474-1724
    vCard
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      Education

      • J.D., 2004, Brooklyn Law School
        Valedictorian, summa cum laude
      • B.B.A., 2001, College of Insurance
        cum laude

      Admitted In

      • New York

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      Valvoline Inc.’s Revolving Credit Facility and High‑Yield Senior Notes Offering

      Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $600 million revolving credit facility made available to Valvoline Inc., a leader in automotive preventive maintenance delivering convenient and trusted services in its retail stores throughout the United States and Canada. The transaction closed on August 24, 2026.

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      August 31, 2026

      3M Company’s $4.25 Billion Revolving Credit Facility

      Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4.25 billion revolving credit facility made available to 3M Company, a leading diversified technology company. The transaction closed on August 17, 2026. 

      Deals & Cases

      August 31, 2026

      AdvanSix Inc.’s Credit Facilities

      Cravath represented AdvanSix Inc. in connection with $425 million of credit facilities. AdvanSix Inc. is a leading integrated chemistry company that produces essential materials for diverse end markets. The facilities consisted of a $275 million revolving credit facility and a $150 million term loan facility. The transaction closed on August 14, 2026. 

      Deals & Cases

      July 13, 2026

      Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities 

      Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026. 

      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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