January 31, 2020
Cravath partner Nicholas A. Dorsey authored the U.S. chapter for the 2019 edition of the Chambers Acquisition Finance Guide, which is part of the publisher’s Global Practice Guide series. The chapter provides an overview of the acquisition finance market in the United States, discussing typical finance structures, detailing the types of loans, bonds and intercreditor agreements that are often involved, and examining topics including takeover finance considerations and debt buy‑backs.
Deals & Cases
January 02, 2020
Cravath represented the initial purchasers, led by Wells Fargo Securities, BMO Capital Markets and Credit Suisse, in connection with the $400 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. Cravath also represented the dealer manager in connection with Credit Acceptance Corporation’s concurrent cash tender offer. The transaction closed on December 18, 2019.
Deals & Cases
Cravath represented The Walt Disney Company in connection with its notes exchange offer totaling up to $14 billion. The transaction closed on November 26, 2019.
Deals & Cases
November 26, 2019
Cravath represented the underwriters, led by Credit Suisse, in connection with the $2 billion registered medium‑term note takedown of Credit Suisse AG, a wholly owned subsidiary of Credit Suisse Group, a global financial services company. The transaction closed on November 12, 2019.
Deals & Cases
October 26, 2019
On October 26, 2019, Endemol Shine Group (“Endemol”) and Banijay Group (“Banijay”) announced they have entered into a definitive agreement for Banijay to acquire 100% of the equity of Endemol, which is co‑owned by The Walt Disney Company and funds managed by affiliates of Apollo Global Management, Inc. The combined catalogue encompasses close to 100,000 hours of TV shows and series. Cravath is representing The Walt Disney Company in connection with the transaction.
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