Cravath Publishes Summer 2026 Issue of Alumni Journal
Cravath represented the initial borrower, Valvoline Finco One LLC, a wholly owned and newly formed finance subsidiary of Valvoline US, in connection with the arrangement of an $875 million five‑year term loan A facility and a $450 million five‑year revolving credit facility, made available by The Bank of Nova Scotia, as administrative agent. The transaction closed on July 11, 2016.
The Cravath team included partner George E. Zobitz, senior attorney Christopher J. Kelly and associate Steven Y. Li on banking matters; partners Susan Webster and Thomas E. Dunn and associates C. Daniel Haaren, Vernie Chia and Ryan J. Patrone on securities matters; and partners Stephen L. Gordon and Lauren Angelilli, senior attorney Andrew Carlon and associate Peter W. Rogers on tax matters.
Deals & Cases
July 13, 2026
Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026.
Deals & Cases
July 06, 2026
Cravath represented the agent, mandated lead arrangers, and lenders in connection with the repricing of UVEX GROUP GmbH’s €400 million term loan facility and €50 million term loan add-on. UVEX GROUP GmbH is a portfolio company of Warburg Pincus. The transaction closed on June 19, 2026.
Deals & Cases
April 06, 2026
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $1.35 billion of credit facilities made available to subsidiaries of Versigent Limited, a global leader in the design, development and manufacture of low voltage and high voltage electrical architectures and the holding company for Aptiv PLC’s Electrical Distribution Systems segment, which Aptiv PLC spun off into a separate, independent, publicly traded company. The proceeds were used to partially finance the spin‑off. The credit facilities consisted of a $500 million term loan facility and an $850 million revolving credit facility. The transaction closed on November 26, 2025.
Deals & Cases
February 20, 2026
Cravath represented First Solar, Inc. in connection with its $1.5 billion revolving credit facility. First Solar is America’s leading photovoltaic solar technology and manufacturing company, and the only US‑headquartered company among the world’s largest solar manufacturers. The transaction closed on February 13, 2026.
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