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News & Insights

SurveyMonkey’s Second Amended and Restated Credit Facilities

October 24, 2018

Cravath represented JPMorgan Chase Bank, N.A., as administrative agent and lead arranger, in connection with the arrangement of $295 million second amended and restated credit facilities made available to SurveyMonkey Inc., a developer of online survey software. The facilities consisted of a $220 million term facility and a $75 million revolving credit facility, to be used for working capital and other general corporate purposes. The transaction closed on October 10, 2018.

The Cravath team included partner Steven M. Kessing and associates Dean M. Masuda, P. Purun Cheong and Joanna Pak on banking matters; and associate Rebecca L. Fine on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Technology

People

Photo
Name
Stephen M. Kessing
Title
Corporate
Title
Partner
Email
skessing@cravath.com
Phone
+1-212-474-1152
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    Education

    • J.D., 2005, Duke Law School
      Order of the Coif, magna cum laude
    • M.B.A., 2001, University of Southern California
    • B.S., 1995, Miami University of Ohio

    Admitted In

    • New York

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    Valero Energy Corporation’s $4 Billion Revolving Credit Facility

    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4 billion revolving credit facility made available to Valero Energy Corporation, a leading multinational manufacturer and marketer of petroleum‑based and low‑carbon liquid transportation fuels and petrochemical products. The transaction closed on October 16, 2025.

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    October 14, 2025

    Crane Company’s $1.8 Billion of Credit Facilities in Connection with its Pending Acquisition of PSI Product Line from Baker Hughes

    Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $1.8 billion of credit facilities made available to Crane Company, as part of the financing transactions undertaken in connection with its pending acquisition of Precision Sensors & Instrumentation (“PSI”) product line from Baker Hughes, a leading energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Crane Company is a leading industrial manufacturing and technology company. The credit facilities consisted of a $900 million term loan facility and a $900 million revolving credit facility. The transaction closed on September 30, 2025.

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    Otis Worldwide Corporation’s $1.5 Billion Revolving Credit Facility

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    Verisk’s $2 Billion of Credit Facilities in Connection with its Pending Acquisition of AccuLynx.com

    Cravath represented the administrative agent, lead arrangers and bookrunners in connection with $2 billion of credit facilities made available to Verisk Analytics, Inc. (“Verisk”), as part of the financing transactions undertaken in connection with its pending acquisition of Exactlogix, Inc. (“AccuLynx.com”). Verisk is a leading data, analytics and technology provider serving clients in the insurance ecosystem. The credit facilities consisted of a $750 million term loan facility and a $1.25 billion revolving credit facility. The transaction closed on August 15, 2025.

    Cravath Bicentennial

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