FTAI’s Bridge Credit Facility

Cravath represented the borrower, Fortress Transportation and Infrastructure Investors LLC (“FTAI”), in connection with the arrangement of its $650 million bridge credit facility to finance the acquisition of Transtar, LLC, a subsidiary of United States Steel Corporation. FTAI is a leading global investment management firm. The transaction closed on July 28, 2021.

The Cravath team included partner George E. Zobitz and associate Janice T. P. Martindale on banking matters, and partner J. Leonard Teti II and associate Duncan H. Hardell on tax matters.