Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

News & Insights

Tropicana, Naked and Other Select Juice Brands’ $2.73 Billion of First Lien and Second Lien Credit Facilities

February 08, 2022

Cravath represented the administrative agents, lead arrangers and bookrunners in connection with the arrangement of $2.73 billion of first lien and second lien credit facilities to finance the acquisition of a majority interest in the Tropicana, Naked and other select juice brands that were previously wholly owned by PepsiCo Inc., by PAI Partners, a leading global private equity firm with significant experience in the food and beverage space. PepsiCo will retain a 39% non‑controlling interest in a joint venture with PAI Partners. The facilities included a $1.82 billion first lien term loan facility, a $350 million revolving credit facility, a $105 million delayed draw term loan facility and a $450 million second lien term loan facility. The transaction closed on January 24, 2022.

The Cravath team included partner Craig F. Arcella, senior attorney Isaac C. Beerman and associate Rachael E. Joseph on banking matters, and partner J. Leonard Teti II, senior attorney Andrew Carlon and associate Sonia Katharani‑Khan on tax matters. Christopher G. Doherty also worked on banking matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Private Equity
  • Consumer Products and Services

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
vCard
Download vCard

    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York
    Photo
    Name
    Isaac C. Beerman
    Title
    Corporate
    Title
    Partner
    Email
    ibeerman@cravath.com
    Phone
    +1-212-474-1048
    vCard
    Download vCard

      Education

      • J.D., 2010, Harvard Law School
      • B.A., 2006, University of North Carolina at Chapel Hill
        Phi Beta Kappa, cum laude

      Admitted In

      • New York
      Photo
      Name
      J. Leonard Teti II
      Title
      Tax
      Title
      Partner
      Email
      lteti@cravath.com
      Phone
      +1-212-474-1896
      vCard
      Download vCard

        Education

        • J.D., 2005, University of Virginia School of Law
          Order of the Coif
        • A.B., 1999, Princeton University
          with Honors

        Admitted In

        • New York

        Related News & Insights

        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.

        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.

        Cravath Bicentennial

        Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

        Explore

        Cravath, Swaine & Moore LLP Logo
        • CONTACT US
        • OUR STORY
        • ALUMNI PORTAL
        • DISCLAIMERS & NOTICES

        Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.