UCI International’s Bankruptcy
June 08, 2016
On June 1, 2016, UCI International LLC and certain of its affiliates (“UCI”) filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. UCI, a subsidiary of Rank Group, is a motor vehicle parts and systems business with approximately $469 million in funded indebtedness at the timing of its bankruptcy filing, including approximately $69 million in drawn borrowings under its senior secured asset‑based revolving credit facility (the “ABL Facility”), under which the two lenders are Credit Suisse AG, Cayman Islands Branch (“Credit Suisse”) and an affiliate of Rank Group. UCI also has $400 million in unsecured notes. UCI’s bankruptcy filing followed a missed $17.25 million interest payment on the unsecured notes in February 2016 and efforts at an out‑of‑court resolution.
Cravath represents Credit Suisse as lender and administrative agent of the ABL facility in connection with the Chapter 11 cases.
The Cravath team representing Credit Suisse in connection with UCI’s restructuring and court proceedings includes partners Paul H. Zumbro and Omid H. Nasab, practice area attorney Jin Hee Kim and associates Gregory D. Beaton, Sharon Freiman, Brendan C. Benedict, Samuel P. Niles and Sean M. Linnehan. Summer associates Matthew Weiner and Alex B. Weiss are also working on these 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., 2006, Columbia Law SchoolHarlan Fiske Stone Scholar
-
A.B., 2002, Duke University
- New York
Education
Admitted In
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.
