SIRVA Worldwide’s Term Loan Facility

Cravath represented Goldman Sachs Bank USA in connection with the arrangement of a $300 million term loan facility made available to SIRVA Worldwide, Inc., a subsidiary of SIRVA, Inc., to be used to repay existing indebtedness and for working capital, acquisition financings and other general corporate purposes. SIRVA, Inc. is a leading provider of global relocation and moving services. The transaction closed on November 22, 2016.

The Cravath team included partner Tatiana Lapushchik and senior attorney Kimberly A. Grousset on banking matters; partner Matthew Morreale on environmental matters; associate Arvind Ravichandran on tax matters; and associate Peretz Riesenberg on executive compensation and benefits matters. Benjamin T. Dye also worked on banking matters and Bradley M. Tarrash also worked on tax matters.