Terex Corporation’s Senior Secured Credit Facilities
March 03, 2017
Cravath represented Credit Suisse in connection with the arrangement of a $400 million senior secured term loan facility and a $450 million senior secured revolving credit facility made available to Terex Corporation, a global manufacturer of lifting and material processing products, and certain of its subsidiaries. The transaction closed on January 31, 2017.
The Cravath team included partner Michael S. Goldman, senior attorney Sarah F. Rosen and associates Paul L. Sandler and Adam M. Sanchez on banking matters; and partner J. Leonard Teti II and associate Sara L. Lykken on tax matters.
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J.D., 2005, Columbia Law SchoolHarlan Fiske Stone Scholar
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B.A., 2002, New York Universitymagna cum laude
- New York
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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J.D., 1987, Fordham University School of Lawcum laude
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B.A., 1984, University of Pennsylvaniacum laude
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Deals & Cases
October 17, 2024
Terex Corporation’s $2.8 Billion of Credit Facilities and High‑Yield Notes in Connection with its Acquisition of Dover Corporation’s Environmental Solutions Group
Cravath represented the lead arrangers in connection with $2.05 billion of senior secured credit facilities made available to Terex Corporation in connection with its acquisition of Dover Corporation’s Environmental Solutions Group. The credit facilities consisted of a $1.25 billion term loan “B” facility and a $800 million revolving credit facility. Cravath also represented the initial purchasers in connection with a related $750 million high‑yield senior notes offering by Terex Corporation under Rule 144A and Reg S. The transactions closed on October 8, 2024.
