Four Decades for Justice
Cravath represented the administrative agents, joint lead arrangers and joint bookrunners in connection with the arrangement of $585 million of credit facilities made available to Bakelite US Holdco, Inc. and Bakelite Synthetics UK Limited, affiliates of the private equity firms Black Diamond Capital Management LLC and Investindustrial, in connection with the acquisition of Georgia‑Pacific Chemicals LLC, a part of the Georgia‑Pacific business which provides resin and formaldehyde technology to the industrial, chemicals and transportation markets. The facilities consisted of a $100 million asset‑based revolving credit facility and a $485 million term loan facility. The transactions closed on May 27, 2022.
The Cravath team included partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associates Wonnie Song Hall and Trevor Lutzow on banking matters; partner J. Leonard Teti II and associates Sonia Katharani‑Khan and Joana W. Li on tax matters; partner Matthew Morreale on environmental matters; partner Matthew J. Bobby and associates Tiffany B. Wong and Cortez Johnson on executive compensation and benefits matters; and practice area attorney Janet L. Lewis on real estate matters.
Deals & Cases
March 29, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a £1.35 billion bridge facility made available to fund the proposed acquisition of Spirent Communications by Keysight Technologies, Inc., outbidding a previous proposal by Viavi Solutions. Keysight Technologies, Inc. is a global innovator in the computing, communications and electronics market. The transaction announced on March 28, 2024.
Deals & Cases
November 27, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $14 billion of credit facilities made available to RTX Corporation, an aerospace and defense company that provides systems and services for commercial, military, and government customers worldwide. The facilities consisted of a $10 billion bridge credit facility and a $4 billion term loan facility. The transactions closed on October 24, 2023 and November 7, 2023.
Deals & Cases
October 06, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $2.4 billion of credit facilities made available to Cencora, Inc., a leading global pharmaceutical solutions organization committed to improving patient access to products and enhance patient care. The facilities consisted of a $355 million tranche one revolving credit facility and a $2.045 billion tranche two revolving credit facility. The transaction closed on October 6, 2023.
Deals & Cases
August 31, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.3 billion term loan facility made available to Broadridge Financial Solutions, Inc., a leading provider of investor communications, technology‑driven solutions and data and analytics to the financial services industry. The transaction closed on August 17, 2023.
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