First Reserve’s Term Loan Facility and Revolving Credit Facility
October 21, 2016
Cravath represented Owl Rock Capital Corporation as a direct lender of $110 million term and revolving credit facilities to finance private equity firm First Reserve’s acquisition of Applied‑Cleveland Holdings, Inc. from Nautic Partners. Applied‑Cleveland Holdings Inc. provides third‑party inspection services for the maintenance of oil and natural gas transmission, distribution, midstream and gathering lines and other critical infrastructure. The transaction closed on September 8, 2016.
The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associates Joshua Ayal and Alex M. Dzioba on banking matters; partner J. Leonard Teti II and associate Ashley May on tax matters; partner Matthew Morreale on environmental matters; partner Darin P. McAtee on litigation matters; and associate Brian B. Kennedy on executive compensation and benefits matters.
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People
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J.D., 2000, Harvard Law Schoolcum laude
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B.A., 1997, Barnard Collegesumma 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., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 1995, Harvard Law Schoolcum laude
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B.A., 1992, St. Bonaventure Universitysumma cum laude
- New York
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