Tropicana Entertainment’s Chapter 11 Cases
May 04, 2009
At a hearing on April 29, 2009, the New Jersey Casino Control Commission (“NJCCC”) approved an asset purchase agreement relating to the credit bid by Credit Suisse, as agent on behalf of a group of secured lenders, for the acquisition of the Tropicana Casino & Resort in Atlantic City, New Jersey, through a bankruptcy auction. The credit bid will be the “stalking horse” bid in a contemplated Bankruptcy Code Section 363 sale. At the hearing, the NJCCC also authorized the filing of a voluntary bankruptcy petition by the owner of the Tropicana Atlantic City assets to facilitate that sale.
Cravath is representing Credit Suisse in both the credit bid and generally in the Tropicana Entertainment Chapter 11 cases. The lawyers involved in this matter include associate Joseph D. Zavaglia on corporate matters; partner Paul H. Zumbro, senior attorney Robert H. Trust and associate Mina M. Farbood on restructuring matters; and partner Andrew W. Needham on tax matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 1992, Yale CollegeDistinction in Major, cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2004, Brooklyn Law SchoolValedictorian, summa cum laude
-
B.B.A., 2001, College of Insurancecum laude
- New York
Education
Admitted In
- Photo
-
-
M.B.A., 1992, The Wharton School of the University of Pennsylvania
-
LL.M., 1990, Georgetown University Law Center
-
J.D., 1986, Georgetown University Law Center
-
B.A., 1982, University of Arizona College of Law
Education
Related News & Insights
Deals & Cases
October 30, 2025
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.
Deals & Cases
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.
Deals & Cases
September 02, 2025
Otis Worldwide Corporation’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 Otis Worldwide Corporation, a leading elevator and escalator manufacturing, installation and service company. The transaction closed on August 8, 2025.
Deals & Cases
September 02, 2025
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.
