First Transit Parent Inc. and First Student Bidco Inc.’s $2.54 Billion of Credit Facilities
August 23, 2021
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with the arrangement of $2.54 billion of credit facilities made available to First Transit Parent Inc. and First Student Bidco Inc. to be used to finance the acquisition of FirstGroup plc by EQT. FirstGroup plc is a leading passenger transportation service. The facilities consisted of a $2.04 billion term loan facility and $500 million revolving credit facility. The transaction closed on July 21, 2021.
The Cravath team included partner George E. Zobitz and associates Cole DuMond and Harold C. King on banking matters, and partner J. Leonard Teti II and associate Carlos Nicholas Obando on tax matters.
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J.D., 1995, New York University School of Lawwith Honors, cum laude
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B.A., 1991, Franklin & Marshall College
- 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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