Concentrix Corporation’s $1.33 Billion of Credit Facilities

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.

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.

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.

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.