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News & Insights

University of Miami’s Revolving Credit and Term Loan Facilities

October 14, 2015

Cravath represented the University of Miami in connection with the arrangement of its $250 million Tranche A revolving credit facility, $250 million Tranche B revolving credit facility and $100 million term loan facility made available by Bank of America, N.A. as administrative agent. The transaction closed on August 4, 2015.

The Cravath team included partner George E. Zobitz and associate Gabriella Kleeman on banking matters; partner J. Leonard Teti II on tax matters; and associate Aaron J. Feuer on executive compensation and benefits matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Executive Compensation and Benefits
  • Professional Services

People

Name
George E. Zobitz
Title
Corporate
Title
Partner
Email
jzobitz@cravath.com
Phone
+1-212-474-1996
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    Education

    • J.D., 1995, New York University School of Law
      with Honors, cum laude
    • B.A., 1991, Franklin & Marshall College

    Admitted In

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

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      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.

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      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.

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