Eagle Intermediate Global Holding and Ruyi US Finance’s High‑Yield Senior Secured Notes Offering
May 11, 2018
Cravath represented the initial purchasers, J.P. Morgan Securities and Barclays, in connection with the $690 million and €250 million 144A/Reg. S high‑yield senior secured notes offering of Eagle Intermediate Global Holding B.V. and Ruyi US Finance LLC. Proceeds of the offering will be used to finance the acquisition of Arteva Global Holdings B.V. and A&AT LLC, one of the world’s leading apparel technology companies and owner of a number of well‑known brands, including the LYCRA® brand. Eagle Intermediate Global Holding B.V. is a portfolio company of Shandong Ruyi. The acquisition was backstopped by a senior secured bridge facility commitment also led by J.P. Morgan and Barclays. The offering closed on May 4, 2018.
The Cravath team included partners William V. Fogg and Michael E. Mariani and associates Jeremy S. Lerner, Justin B. Stein and Carys A. Johnson on securities matters; partners J. Leonard Teti II and Christopher K. Fargo and associate Arvind Ravichandran on tax matters; and partner Stephen M. Kessing and associate Stanley I. Onyeador on banking matters.
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People
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J.D., 1991, Columbia Law SchoolHarlan Fiske Stone Scholar
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A.B., 1988, Brown Universitymagna cum laude
- New York
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J.D., 2009, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.B.A., 2009, Columbia University
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B.A., 2004, Tufts UniversityPhi Beta Kappa, summa cum laude
- New York
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
- New York
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