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Cravath Publishes Summer 2026 Issue of Alumni Journal

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News & Insights

Keysight Technologies, Inc.’s £1.35 Billion Bridge Facility

March 29, 2024

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a £1.35 billion bridge facility made available to fund the proposed acquisition of Spirent Communications by Keysight Technologies, Inc., outbidding a previous proposal by Viavi Solutions. Keysight Technologies, Inc. is a global innovator in the computing, communications and electronics market. The transaction announced on March 28, 2024.

The Cravath team included partners Tatiana Lapushchik, Philip Stopford and Andrew J. Pitts, of counsel Kimberly A. Grousset and associates Obianuju A. Enworom, William Edin, Alan J. Steiner and Harry Poland.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • London
  • Technology

People

Photo
Name
Tatiana Lapushchik
Title
Corporate
Title
Partner
Email
tlapushchik@cravath.com
Phone
+1-212-474-1442
vCard
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    Education

    • J.D., 2000, Harvard Law School
      cum laude
    • B.A., 1997, Barnard College
      summa cum laude

    Admitted In

    • New York
    Photo
    Name
    Philip Stopford
    Title
    Corporate
    Title
    Partner
    Email
    pstopford@cravath.com
    Phone
    +44-20-7453-1050
    vCard
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      Education

      • LPC, 2006, Oxford Institute of Legal Practice
        with Distinction
      • PGDL, 2005, Oxford Brookes University
        with Merit
      • B.A., 2004, University of Oxford
        with Honors

      Admitted In

      • England & Wales
      Photo
      Name
      Andrew J. Pitts
      Title
      Corporate
      Title
      Partner
      Email
      apitts@cravath.com
      Phone
      +1-212-474-1620
      vCard
      Download vCard

        Education

        • M.B.A., 1995, Boston University
          with High Honors
        • J.D., 1994, Boston University School of Law
          summa cum laude
        • B.A., 1988, Trinity College

        Admitted In

        • New York

        Related News & Insights

        Deals & Cases

        July 13, 2026

        Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities 

        Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026. 

        Deals & Cases

        July 06, 2026

        UVEX’s Upsize and Repricing of its Term Loan Facility

        Cravath represented the agent, mandated lead arrangers, and lenders in connection with the repricing of UVEX GROUP GmbH’s €400 million term loan facility and €50 million term loan add-on. UVEX GROUP GmbH is a portfolio company of Warburg Pincus. The transaction closed on June 19, 2026. 

        Deals & Cases

        April 06, 2026

        Versigent’s $1.35 Billion Credit Facilities and $1.6 Billion High‑Yield Senior Notes Offering in Connection with Aptiv PLC’s Spin‑Off of Versigent

        Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $1.35 billion of credit facilities made available to subsidiaries of Versigent Limited, a global leader in the design, development and manufacture of low voltage and high voltage electrical architectures and the holding company for Aptiv PLC’s Electrical Distribution Systems segment, which Aptiv PLC spun off into a separate, independent, publicly traded company. The proceeds were used to partially finance the spin‑off. The credit facilities consisted of a $500 million term loan facility and an $850 million revolving credit facility. The transaction closed on November 26, 2025.

        Deals & Cases

        February 20, 2026

        First Solar’s $1.5 Billion Revolving Credit Facility

        Cravath represented First Solar, Inc. in connection with its $1.5 billion revolving credit facility. First Solar is America’s leading photovoltaic solar technology and manufacturing company, and the only US‑headquartered company among the world’s largest solar manufacturers. The transaction closed on February 13, 2026.

        Cravath Bicentennial

        Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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