JPW’s High-Yield Senior Secured Notes Offering

Cravath represented the initial purchaser, Goldman Sachs & Co. LLC, in connection with the $60 million 144A/Reg. S high-yield senior secured notes offering of JPW Industries Holding Corporation, a designer, manufacturer, marketer and value-added distributor of proprietary branded specialty shop tools and equipment. Proceeds of the offering were used to finance the acquisition of Baileigh. The offering closed on May 9, 2019.

The Cravath team included partner Bill Whelan and associates Virginie Marier, Shawn M. Quinn, Eugene Kim and Samyel Lee on securities matters, and associates Peter W. Rogers and Joyce Y. Kim on tax matters.