Cravath’s London Office Moves to 100 Cheapside
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.
Deals & Cases
July 14, 2025
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
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
December 02, 2024
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.
Deals & Cases
October 29, 2024
Cravath represented the lead bookrunner in connection with a $700 million revolving credit facility made available to Reynolds Consumer Products Inc. Reynolds Consumer Products Inc. produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. The transaction closed on October 17, 2024.
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