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News & Insights

Sensus USA Inc.’s Senior Secured Credit Facilities

May 11, 2016

Cravath represented Credit Suisse, as agent and arranger, in connection with $700 million of new senior credit facilities extended to Sensus USA Inc. Sensus is a leading developer of advanced utility infrastructure systems, metering technologies and related communication systems. The transaction closed on April 5, 2016.

The Cravath team included partner Michael S. Goldman and associates W. Lee Johnston and Steven Li on banking matters and associates Jonathan D. Grossman and Dmitry Zelik on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Technology
  • Telecommunications

People

Photo
Name
Michael S. Goldman
Title
Corporate
Title
Retired Partner
Email
mgoldman@cravath.com
Phone
+1-212-474-1999
vCard
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    Education

    • J.D., 1987, Fordham University School of Law
      cum laude
    • B.A., 1984, University of Pennsylvania
      cum laude

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    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Coupang, Inc., a leading global technology and commerce company providing retail, restaurant delivery, video streaming and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch. The transaction closed on June 2, 2025.

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    DraftKings Inc.’s Credit Facility

    Cravath represented Morgan Stanley, as administrative agent, joint lead arranger, joint bookrunner and collateral agent, in connection with a $500 million revolving credit facility made available to DraftKings Inc. and certain of its subsidiaries. DraftKings Inc. operate as a digital sports entertainment and gaming company in the United States and internationally. The transaction closed on November 7, 2024.

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    Reynolds Consumer Products Inc.’s Revolving Credit Facility

    Cravath represented the lead bookrunner in connection with a $700 million revolving credit facility made available to Reynolds Consumer Products Inc. Reynolds Consumer Products Inc. produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. The transaction closed on October 17, 2024.

    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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