Financing for Orbotech’s Acquisition of SPTS Technologies
August 11, 2014
On August 7, 2014, Orbotech Ltd. announced that it has closed the previously announced acquisition of SPTS Technologies Group Limited for a total consideration of $371 million. Cravath represented Orbotech in connection with a new $300 million senior secured syndicated Term Loan B facility, the proceeds from which were used to finance the acquisition.
Headquartered in Israel, Orbotech is a leading global provider of yield‑enhancing and production solutions for printed circuit boards and other electrical components. This was the first syndicated Term Loan B completed by an Israeli borrower.
The Cravath team included partner Michael S. Goldman and associate Isaac C. Beerman. Arthur L. Lotz also worked on this matter.
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J.D., 1987, Fordham University School of Lawcum laude
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B.A., 1984, University of Pennsylvaniacum laude
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