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News & Insights

TripAdvisor, Inc.’s Revolving Credit Facility

July 31, 2023

Cravath represented the administrative agent, joint lead arranger and joint bookrunner, in connection with a $500 million revolving credit facility made available to TripAdvisor, Inc., TripAdvisor Holdings, LLC and TripAdvisor LLC. TripAdvisor, Inc. operates as an online travel company and primarily engages in the provision of travel guidance products and services worldwide. The transaction closed on June 29, 2023.

The Cravath team included partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associates Peter W. Kim and Danielle N. Walling on banking matters, and partner Andrew T. Davis on tax matters. Tristan Baylor also worked on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Real Estate and Hospitality
  • Technology
  • Retail
  • Consumer Products and Services

People

Photo
Name
Tatiana Lapushchik
Title
Corporate
Title
Partner
Email
tlapushchik@cravath.com
Phone
+1-212-474-1442
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    Education

    • J.D., 2000, Harvard Law School
      cum laude
    • B.A., 1997, Barnard College
      summa cum laude

    Admitted In

    • New York
    Photo
    Name
    Andrew T. Davis
    Title
    Tax
    Title
    Partner
    Email
    adavis@cravath.com
    Phone
    +1-212-474-1272
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      Education

      • LL.M., 2020, New York University School of Law
      • J.D., 2014, Stanford Law School
      • A.B., 2010, Princeton University

      Admitted In

      • New York
      Photo
      Name
      Kimberly A. Grousset
      Title
      Corporate
      Title
      Of Counsel
      Email
      kgrousset@cravath.com
      Phone
      +1-212-474-1694
      vCard
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        Education

        • J.D., 1995, Harvard Law School
          cum laude
        • B.A., 1992, St. Bonaventure University
          summa cum laude

        Admitted In

        • New York

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        Cravath represented iBanFirst, a portfolio company of Marlin Equity Partners, in connection with the amendment and restatement of its senior facilities agreement to implement a new term loan facility. Marlin Equity Partners is a leading global investment firm. The transaction closed on December 19, 2024.

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        DraftKings Inc.’s Credit Facility

        Cravath represented Morgan Stanley, as administrative agent, joint lead arranger, joint bookrunner and collateral agent, in connection with a $500 million revolving credit facility made available to DraftKings Inc. and certain of its subsidiaries. DraftKings Inc. operate as a digital sports entertainment and gaming company in the United States and internationally. The transaction closed on November 7, 2024.

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        Reynolds Consumer Products Inc.’s Revolving Credit Facility

        Cravath represented the lead bookrunner in connection with a $700 million revolving credit facility made available to Reynolds Consumer Products Inc. Reynolds Consumer Products Inc. produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. The transaction closed on October 17, 2024.

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        Gannett Holdings LLC’s Term Loan Facility

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