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News & Insights

Novolex’s High‑Yield Senior Debt Offering

January 17, 2017

Cravath represented the initial purchasers, led by Credit Suisse, Deutsche Bank Securities, Morgan Stanley and Jefferies, in connection with the US$625 million 144A/Reg. S high‑yield senior debt offering of Novolex, a leading North American manufacturer of value‑added paper and plastic flexible packaging products. Novolex is a portfolio company of The Carlyle Group. Proceeds of the offering were used to refinance bridge loans incurred to finance the acquisition of Novolex by The Carlyle Group. The transaction closed on January 17, 2017.

The Cravath team included partner Craig F. Arcella and associates Ankur N. Patel and Lee M. Blum. Michael Zhang also worked on this matter.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Industrials and Chemicals

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
vCard
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York

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