Cravath’s London Office Moves to 100 Cheapside
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
October 30, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4 billion revolving credit facility made available to Valero Energy Corporation, a leading multinational manufacturer and marketer of petroleum‑based and low‑carbon liquid transportation fuels and petrochemical products. The transaction closed on October 16, 2025.
Deals & Cases
October 14, 2025
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $1.8 billion of credit facilities made available to Crane Company, as part of the financing transactions undertaken in connection with its pending acquisition of Precision Sensors & Instrumentation (“PSI”) product line from Baker Hughes, a leading energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Crane Company is a leading industrial manufacturing and technology company. The credit facilities consisted of a $900 million term loan facility and a $900 million revolving credit facility. The transaction closed on September 30, 2025.
Deals & Cases
September 02, 2025
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
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.
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