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Cravath Publishes Summer 2026 Issue of Alumni Journal

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News & Insights

Valvoline Finco One’s Loan Facility and Revolving Credit Facility

July 11, 2016

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.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Capital Markets
  • Tax
  • Industrials and Chemicals

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
    Christopher J. Kelly
    Title
    Corporate
    Title
    Partner
    Email
    cjkelly@cravath.com
    Phone
    +1-212-474-1406
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      Education

      • J.D., 1999, Harvard Law School
      • B.A., 1996, Columbia University
        Phi Beta Kappa, summa cum laude

      Admitted In

      • New York
      Photo
      Name
      Thomas E. Dunn
      Title
      Corporate
      Title
      Partner
      Email
      tdunn@cravath.com
      Phone
      +1-212-474-1108
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        Education

        • J.D., 1992, Duke Law School
          summa cum laude
        • B.A., 1987, The College of William & Mary

        Admitted In

        • New York
        Name
        Lauren Angelilli
        Title
        Tax
        Title
        Partner
        Email
        langelilli@cravath.com
        Phone
        +1-212-474-1016
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          Education

          • J.D., 2000, Harvard Law School
            cum laude
          • B.S., 1996, The Wharton School of the University of Pennsylvania
            magna cum laude

          Admitted In

          • New York
          Photo
          Name
          Stephen L. Gordon
          Title
          Tax
          Title
          Retired Partner
          Email
          gordon@cravath.com
          Phone
          +1-212-474-1999
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            Education

            • J.D., 1981, Harvard Law School
              cum laude
            • A.B., 1978, Cornell University
              cum laude

            Related News & Insights

            Deals & Cases

            July 13, 2026

            Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities 

            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

            UVEX’s Upsize and Repricing of its Term Loan Facility

            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

            Versigent’s $1.35 Billion Credit Facilities and $1.6 Billion High‑Yield Senior Notes Offering in Connection with Aptiv PLC’s Spin‑Off of Versigent

            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

            First Solar’s $1.5 Billion Revolving Credit Facility

            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.

            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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