Cravath’s London Office Moves to 100 Cheapside
September 28, 2020
On September 16, 2020, IFLR1000 announced Cravath as the winner of its “Banking and Finance Team of the Year” award for the Firm’s role leading complex bank financing matters for a diverse range of clients, including Disney in its $35.7 billion bridge credit facility to finance its acquisition of Twenty‑First Century Fox and Mylan in its $5.6 billion of credit facilities in connection with its pending combination with Upjohn.
IFLR1000 also recognized Cravath in connection with its “Banking and Finance Deal of the Year” award for the Firm’s work on PG&E’s $5.5 billion debtor‑in‑possession financing.
The IFLR1000 Awards recognize the “most innovative” deals and the “best performing law firms and lawyers” across the country.
Deals & Cases
On March 27, 2019, PG&E Corporation (“PG&E” or “the Company”) received final approval from the United States Bankruptcy Court for the Northern District of California for its $5.5 billion in debtor‑in‑possession (“DIP”) financing, with J.P. Morgan as agent. The DIP financing will provide PG&E with necessary capital to ensure essential maintenance and continued investments in safety and reliability for the expected duration of the chapter 11 cases. PG&E and its primary operating subsidiary, Pacific Gas and Electric Company, filed their voluntary petitions under chapter 11 of the U.S. Bankruptcy Code on January 29, 2019. Cravath is representing PG&E in connection with the DIP financing and related chapter 11 case.
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