Vista Outdoor’s Amended and Restated Revolving Credit Facility and Term Loan Facility
April 15, 2016
Cravath represented the borrower, Vista Outdoor Inc., in connection with its amended and restated $400 million revolving credit facility and $640 million term loan A facility with Bank of America, N.A., as administrative agent. Vista Outdoor Inc. is a leading global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. A portion of the proceeds from the facilities were used by Vista to consummate its acquisition of BRG Sports Inc.’s Action Sports division. The transaction closed on April 1, 2016.
The Cravath team included partner Stephen M. Kessing and associates Renee A. Brutus and Peter H. Webb on banking matters and associates Jonathan D. Grossman and Ashley May on tax matters.
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
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October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
