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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

NetScout’s Increased and Extended $1 Billion Senior Secured Revolving Credit Facility

February 06, 2018

Cravath represented JPMorgan Chase Bank, N.A., as agent and arranger, in connection with an increased and extended $1 billion senior secured revolving credit facility made available to NetScout Systems, Inc., a leading provider of service assurance, cybersecurity and business intelligence, for working capital and other general corporate purposes. The transaction closed on January 16, 2018.

The Cravath team included partner Stephen M. Kessing and associate DongHwa Kim on banking matters, and associate Rory M. Minnis on tax matters. Marc Bode also worked on banking matters and Alison E. Beskin worked on executive compensation and benefits matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Executive Compensation and Benefits
  • Technology

People

Photo
Name
Stephen M. Kessing
Title
Corporate
Title
Partner
Email
skessing@cravath.com
Phone
+1-212-474-1152
vCard
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    Education

    • J.D., 2005, Duke Law School
      Order of the Coif, magna cum laude
    • M.B.A., 2001, University of Southern California
    • B.S., 1995, Miami University of Ohio

    Admitted In

    • New York

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    Genmab’s $3.5 Billion of Credit Facilities and Offering of $1.5 Billion Senior Secured Notes and $1 Billion Senior Unsecured Notes in Connection with its Acquisition of Merus

    Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $3.5 billion of credit facilities made available to Genmab, a leading international biotechnology company, and one of its wholly‑owned subsidiaries, Genmab Finance LLC, as part of the financing transactions undertaken in connection with its acquisition of Merus N.V., a leading oncology company developing innovative antibody therapeutics. The credit facilities consisted of a $2 billion term loan “B” facility, a $1 billion term loan “A” facility and a $500 million revolving credit facility. The transaction closed on December 12, 2025.

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    Ameren’s $3.2 Billion of Revolving Credit Facilities

    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $3.2 billion of revolving credit facilities made available to Ameren Corporation and Union Electric Company (the “Missouri Borrowers”) and Ameren Corporation and Ameren Illinois Company (the “Illinois Borrowers”). Ameren Corporation is an American power company that engages in the rate‑regulated electric generation, transmission and distribution activities; and rate‑regulated natural gas distribution and transmission businesses. The facilities consisted of a $1.9 billion revolving credit facility (Missouri Borrowers) and $1.3 billion revolving credit facility (Illinois Borrowers). The transaction closed on December 10, 2025.

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    Thomson Reuters Corporation’s $2 Billion Revolving Credit Facility

    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2 billion revolving credit facility made available to Thomson Reuters Corporation, a leading AI and technology company empowering professionals with trusted content and workflow automation. The transaction closed on November 10, 2025.

    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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