Cravath’s London Office Moves to 100 Cheapside
Isaac C. Beerman advises financial institutions and public and private borrowers on a broad range of finance transactions, including syndicated loan and direct lending transactions, acquisition financing transactions, liability management transactions and other complex financing arrangements.
Mr. Beerman’s notable work highlights include:
- Representing the lead arrangers of numerous leveraged credit facilities made available to affiliates of private equity sponsors, including in connection with the acquisition of Carestream Dental and Sirius Computer Solutions by CD&R; the acquisitions of Zayo, Parexel International, Aldevron, Storable and Press Ganey by EQT; the acquisition of Novolex by Carlyle; the acquisition of Anchor Glass by CVC; the acquisition of P.F. Chang’s by TriArtisan Capital Advisors and Paulson & Co.; the acquisition of The Bay Club by KKR; the acquisition of MDVIP by Goldman Sachs Asset Management and Charlesbank Capital Partners; the acquisition of American Bath Group by Lone Star; the acquisition by PAI of a majority interest in Tropicana, Naked Juice and other select juice brands previously owned by PepsiCo; the acquisition of Qualtrics by Silver Lake and CPP Investments; and the acquisition of Global Healthcare Exchange by Temasek
- Strategic acquisition financings in connection with Altra’s Reverse Morris Trust combination with the Automation & Specialty business of Fortive; Enerflex’s acquisition of Exterran; Forward Air’s combination with Omni Logistics; Lumos Networks’ combination with Spirit Communications to form Segra; Magnite’s acquisition of SpotX; Novolex’s acquisition of The Waddington Group; and US Foods’ acquisitions of SGA Food Group and Smart Foodservice Warehouse Stores
- Other leveraged and investment grade financings for companies such as Aggreko, Allegion, AssetMark, Beacon Roofing Supply, Cable One, Chemours, Cloudera, Community Health Systems, Express Scripts, First Solar, GCM Grosvenor, Genpact, Graham Packaging, Green Brick Partners, Imagine Learning, L Brands, Level 3 Communications, Loews, Pactiv Evergreen, Peloton, Reynolds Consumer Products, Rite Aid, Salient CRGT, Standard Pacific, Vantage Drilling and Victoria’s Secret
Mr. Beerman was born in Winston‑Salem, North Carolina. He received a B.A. cum laude from the University of North Carolina at Chapel Hill in 2006 and a J.D. from Harvard Law School in 2010.
Mr. Beerman joined Cravath in 2011 and was named of counsel in 2022 and elected a partner in 2024.
Mr. Beerman’s notable work highlights include:
- Representing the lead arrangers of numerous leveraged credit facilities made available to affiliates of private equity sponsors, including in connection with the acquisition of Carestream Dental and Sirius Computer Solutions by CD&R; the acquisitions of Zayo, Parexel International, Aldevron, Storable and Press Ganey by EQT; the acquisition of Novolex by Carlyle; the acquisition of Anchor Glass by CVC; the acquisition of P.F. Chang’s by TriArtisan Capital Advisors and Paulson & Co.; the acquisition of The Bay Club by KKR; the acquisition of MDVIP by Goldman Sachs Asset Management and Charlesbank Capital Partners; the acquisition of American Bath Group by Lone Star; the acquisition by PAI of a majority interest in Tropicana, Naked Juice and other select juice brands previously owned by PepsiCo; the acquisition of Qualtrics by Silver Lake and CPP Investments; and the acquisition of Global Healthcare Exchange by Temasek
- Strategic acquisition financings in connection with Altra’s Reverse Morris Trust combination with the Automation & Specialty business of Fortive; Enerflex’s acquisition of Exterran; Forward Air’s combination with Omni Logistics; Lumos Networks’ combination with Spirit Communications to form Segra; Magnite’s acquisition of SpotX; Novolex’s acquisition of The Waddington Group; and US Foods’ acquisitions of SGA Food Group and Smart Foodservice Warehouse Stores
- Other leveraged and investment grade financings for companies such as Aggreko, Allegion, AssetMark, Beacon Roofing Supply, Cable One, Chemours, Cloudera, Community Health Systems, Express Scripts, First Solar, GCM Grosvenor, Genpact, Graham Packaging, Green Brick Partners, Imagine Learning, L Brands, Level 3 Communications, Loews, Pactiv Evergreen, Peloton, Reynolds Consumer Products, Rite Aid, Salient CRGT, Standard Pacific, Vantage Drilling and Victoria’s Secret
Mr. Beerman was born in Winston‑Salem, North Carolina. He received a B.A. cum laude from the University of North Carolina at Chapel Hill in 2006 and a J.D. from Harvard Law School in 2010.
Mr. Beerman joined Cravath in 2011 and was named of counsel in 2022 and elected a partner in 2024.
Education
-
J.D., 2010, Harvard Law School
-
B.A., 2006, University of North Carolina at Chapel HillPhi Beta Kappa, cum laude
Admitted In
- New York
Deals & Cases
March 10, 2025
Reynolds Consumer Products Inc.’s $1.6 Billion Term Loan B Facility
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $1.6 billion term loan B facility made available to Reynolds Consumer Products, a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. The transaction closed on March 4, 2025.
Deals & Cases
December 20, 2024
Cable One’s Strategic Partnership with Mega Broadband
On December 20, 2024, Cable One, Inc. (“Cable One”) announced that it has entered into definitive agreements to amend its strategic partnership with Mega Broadband Investments (“MBI”). The strategic partnership provides Cable One with a path for a potential acquisition of all the MBI equity it does not already own pursuant to put option and call option arrangements between Cable One and the other MBI equity holders. The purchase price payable by Cable One upon any exercise of the put option or call option will be determined based on MBI’s future performance and other factors. The transaction is valued at approximately $1.5 billion to $1.7 billion, inclusive of upfront payments made by Cable One and initial estimates of option exercise closing payments and related debt assumption, based on an assumed October 1, 2026 option exercise closing. Cable One is a leading broadband communications provider serving more than 1 million residential and business customers across 24 states. MBI is a leading provider of broadband services across the Southeast, Northwest and Mid‑South United States and offers an extensive range of broadband, fiber connectivity, cable television and voice services for commercial and residential customers. Cravath is representing Cable One in connection with this transaction.
Deals & Cases
October 29, 2024
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.
Deals & Cases
June 28, 2024
Pactiv Evergreen’s $2.43 Billion of Upsized Credit Facilities
Cravath represented the term loan facility administrative agent and revolving credit facility administrative agent in connection with $2.43 billion of upsized credit facilities made available to Pactiv Evergreen Inc. and certain of its subsidiaries. Pactiv Evergreen Inc. is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The facilities consisted of an upsized $1.1 billion revolving credit facility and an upsized $1.33 billion term loan facility. The transactions closed on May 1, 2024, and May 28, 2024.
Deals & Cases
January 31, 2024
Forward Air’s $2.25 Billion of High‑Yield Notes and Credit Facilities to Finance the Acquisition of Omni Logistics
Cravath represented Forward Air Corporation in connection with $1.525 billion of senior secured credit facilities and $725 million of 144A/Reg. S high‑yield senior secured notes in connection with its acquisition of Omni Logistics. Forward Air Corporation is a leading asset‑light freight and logistics company. The acquisition closed on January 25, 2024.
Firm News
November 13, 2024
Cravath Announces New Partners
Cravath has elected six new partners.
Isaac C. Beerman advises financial institutions and public and private borrowers on a broad range of finance transactions, including syndicated loan and direct lending transactions, acquisition financing transactions, liability management transactions and other complex financing arrangements.
Mr. Beerman’s notable work highlights include:
- Representing the lead arrangers of numerous leveraged credit facilities made available to affiliates of private equity sponsors, including in connection with the acquisition of Carestream Dental and Sirius Computer Solutions by CD&R; the acquisitions of Zayo, Parexel International, Aldevron, Storable and Press Ganey by EQT; the acquisition of Novolex by Carlyle; the acquisition of Anchor Glass by CVC; the acquisition of P.F. Chang’s by TriArtisan Capital Advisors and Paulson & Co.; the acquisition of The Bay Club by KKR; the acquisition of MDVIP by Goldman Sachs Asset Management and Charlesbank Capital Partners; the acquisition of American Bath Group by Lone Star; the acquisition by PAI of a majority interest in Tropicana, Naked Juice and other select juice brands previously owned by PepsiCo; the acquisition of Qualtrics by Silver Lake and CPP Investments; and the acquisition of Global Healthcare Exchange by Temasek
- Strategic acquisition financings in connection with Altra’s Reverse Morris Trust combination with the Automation & Specialty business of Fortive; Enerflex’s acquisition of Exterran; Forward Air’s combination with Omni Logistics; Lumos Networks’ combination with Spirit Communications to form Segra; Magnite’s acquisition of SpotX; Novolex’s acquisition of The Waddington Group; and US Foods’ acquisitions of SGA Food Group and Smart Foodservice Warehouse Stores
- Other leveraged and investment grade financings for companies such as Aggreko, Allegion, AssetMark, Beacon Roofing Supply, Cable One, Chemours, Cloudera, Community Health Systems, Express Scripts, First Solar, GCM Grosvenor, Genpact, Graham Packaging, Green Brick Partners, Imagine Learning, L Brands, Level 3 Communications, Loews, Pactiv Evergreen, Peloton, Reynolds Consumer Products, Rite Aid, Salient CRGT, Standard Pacific, Vantage Drilling and Victoria’s Secret
Mr. Beerman was born in Winston‑Salem, North Carolina. He received a B.A. cum laude from the University of North Carolina at Chapel Hill in 2006 and a J.D. from Harvard Law School in 2010.
Mr. Beerman joined Cravath in 2011 and was named of counsel in 2022 and elected a partner in 2024.
Mr. Beerman’s notable work highlights include:
- Representing the lead arrangers of numerous leveraged credit facilities made available to affiliates of private equity sponsors, including in connection with the acquisition of Carestream Dental and Sirius Computer Solutions by CD&R; the acquisitions of Zayo, Parexel International, Aldevron, Storable and Press Ganey by EQT; the acquisition of Novolex by Carlyle; the acquisition of Anchor Glass by CVC; the acquisition of P.F. Chang’s by TriArtisan Capital Advisors and Paulson & Co.; the acquisition of The Bay Club by KKR; the acquisition of MDVIP by Goldman Sachs Asset Management and Charlesbank Capital Partners; the acquisition of American Bath Group by Lone Star; the acquisition by PAI of a majority interest in Tropicana, Naked Juice and other select juice brands previously owned by PepsiCo; the acquisition of Qualtrics by Silver Lake and CPP Investments; and the acquisition of Global Healthcare Exchange by Temasek
- Strategic acquisition financings in connection with Altra’s Reverse Morris Trust combination with the Automation & Specialty business of Fortive; Enerflex’s acquisition of Exterran; Forward Air’s combination with Omni Logistics; Lumos Networks’ combination with Spirit Communications to form Segra; Magnite’s acquisition of SpotX; Novolex’s acquisition of The Waddington Group; and US Foods’ acquisitions of SGA Food Group and Smart Foodservice Warehouse Stores
- Other leveraged and investment grade financings for companies such as Aggreko, Allegion, AssetMark, Beacon Roofing Supply, Cable One, Chemours, Cloudera, Community Health Systems, Express Scripts, First Solar, GCM Grosvenor, Genpact, Graham Packaging, Green Brick Partners, Imagine Learning, L Brands, Level 3 Communications, Loews, Pactiv Evergreen, Peloton, Reynolds Consumer Products, Rite Aid, Salient CRGT, Standard Pacific, Vantage Drilling and Victoria’s Secret
Mr. Beerman was born in Winston‑Salem, North Carolina. He received a B.A. cum laude from the University of North Carolina at Chapel Hill in 2006 and a J.D. from Harvard Law School in 2010.
Mr. Beerman joined Cravath in 2011 and was named of counsel in 2022 and elected a partner in 2024.
Education
-
J.D., 2010, Harvard Law School
-
B.A., 2006, University of North Carolina at Chapel HillPhi Beta Kappa, cum laude
Admitted In
- New York
Deals & Cases
March 10, 2025
Reynolds Consumer Products Inc.’s $1.6 Billion Term Loan B Facility
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $1.6 billion term loan B facility made available to Reynolds Consumer Products, a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. The transaction closed on March 4, 2025.
Deals & Cases
December 20, 2024
Cable One’s Strategic Partnership with Mega Broadband
On December 20, 2024, Cable One, Inc. (“Cable One”) announced that it has entered into definitive agreements to amend its strategic partnership with Mega Broadband Investments (“MBI”). The strategic partnership provides Cable One with a path for a potential acquisition of all the MBI equity it does not already own pursuant to put option and call option arrangements between Cable One and the other MBI equity holders. The purchase price payable by Cable One upon any exercise of the put option or call option will be determined based on MBI’s future performance and other factors. The transaction is valued at approximately $1.5 billion to $1.7 billion, inclusive of upfront payments made by Cable One and initial estimates of option exercise closing payments and related debt assumption, based on an assumed October 1, 2026 option exercise closing. Cable One is a leading broadband communications provider serving more than 1 million residential and business customers across 24 states. MBI is a leading provider of broadband services across the Southeast, Northwest and Mid‑South United States and offers an extensive range of broadband, fiber connectivity, cable television and voice services for commercial and residential customers. Cravath is representing Cable One in connection with this transaction.
Deals & Cases
October 29, 2024
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.
Deals & Cases
June 28, 2024
Pactiv Evergreen’s $2.43 Billion of Upsized Credit Facilities
Cravath represented the term loan facility administrative agent and revolving credit facility administrative agent in connection with $2.43 billion of upsized credit facilities made available to Pactiv Evergreen Inc. and certain of its subsidiaries. Pactiv Evergreen Inc. is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The facilities consisted of an upsized $1.1 billion revolving credit facility and an upsized $1.33 billion term loan facility. The transactions closed on May 1, 2024, and May 28, 2024.
Deals & Cases
January 31, 2024
Forward Air’s $2.25 Billion of High‑Yield Notes and Credit Facilities to Finance the Acquisition of Omni Logistics
Cravath represented Forward Air Corporation in connection with $1.525 billion of senior secured credit facilities and $725 million of 144A/Reg. S high‑yield senior secured notes in connection with its acquisition of Omni Logistics. Forward Air Corporation is a leading asset‑light freight and logistics company. The acquisition closed on January 25, 2024.
Firm News
November 13, 2024
Cravath Announces New Partners
Cravath has elected six new partners.
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