Springs Industries’s Secured Revolving Credit Facility
July 28, 2016
Cravath represented the agent, JPMorgan Chase Bank, N.A., in connection with the arrangement of a $125 million secured revolving credit facility made available to Springs Industries, Inc., to be used for working capital, general corporate purposes and to refinance existing indebtedness. Springs Industries, Inc. is a textile company, grouped with the Brazilian company, Companhia de Tecidos Norte de Minas, to comprise Springs Global. The transaction closed on June 30, 2016.
The Cravath team included partner George E. Zobitz, senior attorney Christopher J. Kelly and associate Sean M. Linnehan on banking matters; partner Matthew Morreale on environmental matters; and associate Aaron J. Feuer on executive compensation and benefits matters. Summer associate Melanie Cook also worked on banking matters.
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People
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J.D., 1995, New York University School of Lawwith Honors, cum laude
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B.A., 1991, Franklin & Marshall College
- New York
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J.D., 1999, Harvard Law School
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B.A., 1996, Columbia UniversityPhi Beta Kappa, summa cum laude
- New York
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Admitted In
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
Education
Admitted In
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