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Cravath Publishes Summer 2026 Issue of Alumni Journal

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News & Insights

Deer Park Refining Limited Partnership’s Revolving Credit Facility

May 12, 2017

Cravath represented Sumitomo Mitsui Banking Corporation in connection with the arrangement of a $490 million revolving credit facility made available to Deer Park Refining Limited Partnership, to be used for general corporate purposes. Deer Park Refining Limited Partnership is a joint venture of Shell Oil Company, a leading oil and gas producer, and Pemex, the Mexican state oil company. The transaction closed on March 30, 2017.

The Cravath team included partner James D. Cooper, senior attorney Patrick J. Moriarty and associate Stephanie M. Park on banking matters and partner J. Leonard Teti II and associates Debra M. Aboodi and Dmitry Zelik on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax

People

Photo
Name
J. Leonard Teti II
Title
Tax
Title
Partner
Email
lteti@cravath.com
Phone
+1-212-474-1896
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    Education

    • J.D., 2005, University of Virginia School of Law
      Order of the Coif
    • A.B., 1999, Princeton University
      with Honors

    Admitted In

    • New York
    Photo
    Name
    James D. Cooper
    Title
    Corporate
    Title
    Retired Partner
    Email
    jcooper@cravath.com
    Phone
    +1-212-474-1999
    vCard
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      Education

      • J.D., 1979, Yale Law School
      • A.B., 1976, University of Chicago
        Phi Beta Kappa, summa cum laude

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      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. 

      Deals & Cases

      July 06, 2026

      UVEX’s Upsize and Repricing of its Term Loan Facility

      Cravath represented the agent, mandated lead arrangers, and lenders in connection with the repricing of UVEX GROUP GmbH’s €400 million term loan facility and €50 million term loan add-on. UVEX GROUP GmbH is a portfolio company of Warburg Pincus. The transaction closed on June 19, 2026. 

      Deals & Cases

      April 06, 2026

      Versigent’s $1.35 Billion Credit Facilities and $1.6 Billion High‑Yield Senior Notes Offering in Connection with Aptiv PLC’s Spin‑Off of Versigent

      Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $1.35 billion of credit facilities made available to subsidiaries of Versigent Limited, a global leader in the design, development and manufacture of low voltage and high voltage electrical architectures and the holding company for Aptiv PLC’s Electrical Distribution Systems segment, which Aptiv PLC spun off into a separate, independent, publicly traded company. The proceeds were used to partially finance the spin‑off. The credit facilities consisted of a $500 million term loan facility and an $850 million revolving credit facility. The transaction closed on November 26, 2025.

      Deals & Cases

      February 20, 2026

      First Solar’s $1.5 Billion Revolving Credit Facility

      Cravath represented First Solar, Inc. in connection with its $1.5 billion revolving credit facility. First Solar is America’s leading photovoltaic solar technology and manufacturing company, and the only US‑headquartered company among the world’s largest solar manufacturers. The transaction closed on February 13, 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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