Four Decades for Justice
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with the arrangement of $1.33 billion of credit facilities made available to Concentrix Corporation to finance its pending acquisition of Webhelp. Concentrix Corporation is a leading global provider of customer experience solutions and technology. The financing closed on April 21, 2023.
The Cravath team included partners Tatiana Lapushchik and Matthew M. Kelly and associates Kathryn Kennedy Bleday, Peter W. Kim and Alan J. Steiner on banking matters, and partner Arvind Ravichandran and associate Duncan H. Hardell on tax matters. Tristan Baylor also worked on tax matters.
Deals & Cases
April 03, 2023
Cravath represented the arranger and the administrative agent in connection with the arrangement of $850 million of credit facilities, consisting of a $500 million revolving credit facility and a $350 million term loan facility, made available to Crane Holdings, Co. (which was renamed Crane NXT, Co.) on March 31, 2023 and the $800 million of credit facilities, consisting of a $500 million revolving credit facility and a $300 million term loan facility, made available to Crane Company on April 3, 2023.
Deals & Cases
July 14, 2022
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with the arrangement of $900 million of credit facilities made available to Teradata Corporation, a software company that provides a connected multi‑cloud data platform for enterprise analytics. The facilities consisted of a $500 million term loan facility and a $400 million revolving credit facility. The transaction closed on June 28, 2022.
Deals & Cases
June 16, 2022
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.
Deals & Cases
February 08, 2022
Cravath represented the administrative agents, lead arrangers and bookrunners in connection with the arrangement of $2.73 billion of first lien and second lien credit facilities to finance the acquisition of a majority interest in the Tropicana, Naked and other select juice brands that were previously wholly owned by PepsiCo Inc., by PAI Partners, a leading global private equity firm with significant experience in the food and beverage space. PepsiCo will retain a 39% non‑controlling interest in a joint venture with PAI Partners. The facilities included a $1.82 billion first lien term loan facility, a $350 million revolving credit facility, a $105 million delayed draw term loan facility and a $450 million second lien term loan facility. The transaction closed on January 24, 2022.
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