The New York Knicks’s Senior Secured Revolving Credit Facility
November 15, 2016
Cravath represented JPMorgan Chase Bank, N.A., as agent and arranger, in connection with a $200 million five‑year senior secured revolving credit facility made available to the New York Knicks, LLC, a wholly owned subsidiary of The Madison Square Garden Company, to be used for working capital and other general corporate purposes. The transaction closed on September 30, 2016.
The Cravath team included partner Stephen M. Kessing and associates Benjamin S. Persina and Rami Totari on banking matters; senior attorney Margot A. Wagner on intellectual property matters; practice area attorney Jin Hee Kim on collateral‑related matters; associate Damien J. Rose on tax matters; and associate Daniel P. Herrmann on executive compensation and benefits matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
-
M.B.A., 2001, University of Southern California
-
B.S., 1995, Miami University of Ohio
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
July 14, 2025
Weyerhaeuser Company’s $1.75 Billion Revolving Credit Facility
Cravath represented Weyerhaeuser Company in connection with its $1.75 billion revolving credit facility. Weyerhaeuser Company is one of the world’s largest private owners of timberlands. The transaction closed on June 30, 2025.
Deals & Cases
June 17, 2025
Coupang, Inc.’s $1.5 Billion Revolving Credit Facility
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.
Deals & Cases
January 03, 2025
iBanFirst’s Amendment and Restatement of its Senior Facilities Agreement
Cravath represented iBanFirst, a portfolio company of Marlin Equity Partners, in connection with the amendment and restatement of its senior facilities agreement to implement a new term loan facility. Marlin Equity Partners is a leading global investment firm. The transaction closed on December 19, 2024.
Deals & Cases
December 02, 2024
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.
