Vista Outdoor’s Credit Facilities

Cravath represented the borrower, Vista Outdoor Inc., in connection with the arrangement of its approximately $600 million of credit facilities provided by a syndicate of banks led by Wells Fargo Bank, National Association and GACP Finance Co., LLC. Vista Outdoor is a designer and manufacturer of consumer products for outdoor sports and recreation markets in the United States and internationally. The facilities consisted of a $450 million senior secured asset-based revolving credit facility, an approximately $110 million senior secured asset-based term loan and a $40 million junior secured term loan. The transactions closed on November 19, 2018.

The Cravath team included partner Stephen M. Kessing, senior attorney Sarah F. Rosen and associates Melanie R. Cook and Ari B. Ruffer on banking matters; associate Andrew L. Mandelbaum on tax matters; and practice area attorney Janet L. Lewis on real estate matters.