Cravath’s London Office Moves to 100 Cheapside
Cravath represented Credit Suisse as dealer manager in DJO Finance LLC and DJO Finance Corporation’s US$300 million Reg D exchange offer with the holders of their senior subordinated notes for new third‑lien notes. Cravath also represented the initial purchasers, led by Credit Suisse, in connection with the US$1.02 billion 144A/Reg. S high‑yield debt offering of second‑lien notes of DJO Finco Inc., a subsidiary that was merged into DJO Finance LLC. Finally, Cravath represented Macquarie Capital in connection with a new US$1.055 billion first‑priority term loan agreement with DJO Finance LLC and DJO Finance Corporation. All these transactions were coordinated with a new ABL facility as part of a complete recapitalization of the outstanding debt of DJO.
DJO Finance LLC is a global developer, manufacturer and distributor of high‑quality medical devices that provide solutions for musculoskeletal health, vascular health and pain management. DJO Finance LLC is a portfolio company of private equity sponsor Blackstone Group, L.P. All the transactions closed on May 7, 2015. Proceeds of the offering and the term loans were used to refinance outstanding debt of DJO.
The Cravath team included partner Kris F. Heinzelman and associates Raffael M. Fiumara, Matthew G. Jones, William F. Roegge and Hyatt M. Howard on securities matters and partner Paul H. Zumbro, senior attorney Sarah F. Rosen and associates Ryan M. Farha and Caitlin M. Hyduke on banking matters. Sean M. Gholz also worked on securities matters.
Deals & Cases
September 02, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Otis Worldwide Corporation, a leading elevator and escalator manufacturing, installation and service company. The transaction closed on August 8, 2025.
Deals & Cases
September 02, 2025
Cravath represented the administrative agent, lead arrangers and bookrunners in connection with $2 billion of credit facilities made available to Verisk Analytics, Inc. (“Verisk”), as part of the financing transactions undertaken in connection with its pending acquisition of Exactlogix, Inc. (“AccuLynx.com”). Verisk is a leading data, analytics and technology provider serving clients in the insurance ecosystem. The credit facilities consisted of a $750 million term loan facility and a $1.25 billion revolving credit facility. The transaction closed on August 15, 2025.
Deals & Cases
July 14, 2025
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
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.
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