Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

People

Matthew M.
Kelly

Partner, Corporate

mkelly@cravath.com
  • New York+1-212-474-1318
    • E-mail
    • Twitter
    • Facebook
    • LinkedIn
  • PDF
  • Vcard
  • Overview
  • Credentials
  • Featured Work
  • News & Insights

Matthew M. Kelly represents financial institutions and private equity and corporate borrowers in connection with a wide range of syndicated loan, direct lending and other financing transactions, including acquisition finance and investment‑grade and leveraged finance.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $8 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $8 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Education

  • J.D., 2013, New York University School of Law
    John Norton Pomeroy Scholar; Benjamin Butler Scholar; Order of the Coif, magna cum laude
  • A.B., 2006, Dartmouth College
    cum laude

Admitted In

  • New York

Rankings

Lawdragon

  • 500 Leading Dealmakers in America (2024)
  • 500 X – The Next Generation (2024, 2023)

The Legal 500 US

  • Commercial Lending (2024, 2023, 2022)

Deals & Cases

April 07, 2025

IBM’s Acquisition of Hakkoda

On April 7, 2025, IBM announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI‑powered business operations. Cravath is representing IBM in connection with the transaction.

Deals & Cases

March 10, 2025

DraftKings Inc.’s Inaugural Term Loan B Facility

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $600 million inaugural term loan B facility made available to DraftKings, Inc. for general corporate purposes. DraftKings is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming, and digital media. The transaction closed on March 4, 2025.

Deals & Cases

January 27, 2025

The Aquarion Water Authority’s $2.4 Billion Acquisition of Aquarion Water Company from Eversource Energy

On January 27, 2025, the Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut and a standalone, newly created water authority alongside the South Central Connecticut Regional Water Authority, announced that it has entered into a definitive agreement to acquire Aquarion Water Company from Eversource Energy, an energy provider which transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. Subject to certain closing adjustments, the aggregate enterprise value of the sale is approximately $2.4 billion, which includes approximately $1.6 billion in cash and $800 million of net debt that will be extinguished at closing. Cravath is representing the Aquarion Water Authority in connection with the transaction.

Deals & Cases

December 24, 2024

Ovintiv Inc.’s $2.5 Billion of Credit Facilities in Connection with their Pending Acquisition of Certain Assets from Paramount Resources Ltd.

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners, in connection with $2.5 billion of credit facilities made available to Ovintiv Inc., as part of the financing transactions undertaken in connection with their pending acquisition of certain assets from Paramount Resources Ltd. Ovintiv Inc. is a leading North American oil and natural gas exploration and production company. The facilities consisted of a $1.5 billion asset-sale term loan facility and a $1 billion two-year term loan facility. The facilities closed on December 10, 2024.

Deals & Cases

December 04, 2024

OMERS Private Equity’s Acquisition of Integris

On December 3, 2024, OMERS Private Equity, which manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans, announced the signing of a definitive agreement to acquire a majority stake in Integris, a leading provider of IT services in the United States, from Frontenac, a Chicago‑based private equity firm. Financial terms of the transaction were not disclosed. Cravath is representing OMERS Private Equity in connection with the transaction.

Publications

February 07, 2024

Potential FSOC Scrutiny of “Big Tech” Firms

On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”

Publications

March 01, 2023

Matt Kelly and Doug Dolan Author Chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide

Cravath partners Matthew M. Kelly and Douglas Dolan authored the United States chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide, which was published in February 2023. The chapter provides a market overview and examines methods of acquisition, finance structure and procedures and other key issues relating to acquisition financing.

Matthew M. Kelly represents financial institutions and private equity and corporate borrowers in connection with a wide range of syndicated loan, direct lending and other financing transactions, including acquisition finance and investment‑grade and leveraged finance.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $8 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $8 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Education

  • J.D., 2013, New York University School of Law
    John Norton Pomeroy Scholar; Benjamin Butler Scholar; Order of the Coif, magna cum laude
  • A.B., 2006, Dartmouth College
    cum laude

Admitted In

  • New York

Rankings

Lawdragon

  • 500 Leading Dealmakers in America (2024)
  • 500 X – The Next Generation (2024, 2023)

The Legal 500 US

  • Commercial Lending (2024, 2023, 2022)

Deals & Cases

April 07, 2025

IBM’s Acquisition of Hakkoda

On April 7, 2025, IBM announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI‑powered business operations. Cravath is representing IBM in connection with the transaction.

Deals & Cases

March 10, 2025

DraftKings Inc.’s Inaugural Term Loan B Facility

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with a $600 million inaugural term loan B facility made available to DraftKings, Inc. for general corporate purposes. DraftKings is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming, and digital media. The transaction closed on March 4, 2025.

Deals & Cases

January 27, 2025

The Aquarion Water Authority’s $2.4 Billion Acquisition of Aquarion Water Company from Eversource Energy

On January 27, 2025, the Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut and a standalone, newly created water authority alongside the South Central Connecticut Regional Water Authority, announced that it has entered into a definitive agreement to acquire Aquarion Water Company from Eversource Energy, an energy provider which transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. Subject to certain closing adjustments, the aggregate enterprise value of the sale is approximately $2.4 billion, which includes approximately $1.6 billion in cash and $800 million of net debt that will be extinguished at closing. Cravath is representing the Aquarion Water Authority in connection with the transaction.

Deals & Cases

December 24, 2024

Ovintiv Inc.’s $2.5 Billion of Credit Facilities in Connection with their Pending Acquisition of Certain Assets from Paramount Resources Ltd.

Cravath represented the administrative agent, joint lead arrangers and joint bookrunners, in connection with $2.5 billion of credit facilities made available to Ovintiv Inc., as part of the financing transactions undertaken in connection with their pending acquisition of certain assets from Paramount Resources Ltd. Ovintiv Inc. is a leading North American oil and natural gas exploration and production company. The facilities consisted of a $1.5 billion asset-sale term loan facility and a $1 billion two-year term loan facility. The facilities closed on December 10, 2024.

Deals & Cases

December 04, 2024

OMERS Private Equity’s Acquisition of Integris

On December 3, 2024, OMERS Private Equity, which manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans, announced the signing of a definitive agreement to acquire a majority stake in Integris, a leading provider of IT services in the United States, from Frontenac, a Chicago‑based private equity firm. Financial terms of the transaction were not disclosed. Cravath is representing OMERS Private Equity in connection with the transaction.

Publications

February 07, 2024

Potential FSOC Scrutiny of “Big Tech” Firms

On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”

Publications

March 01, 2023

Matt Kelly and Doug Dolan Author Chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide

Cravath partners Matthew M. Kelly and Douglas Dolan authored the United States chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide, which was published in February 2023. The chapter provides a market overview and examines methods of acquisition, finance structure and procedures and other key issues relating to acquisition financing.

Cravath Bicentennial

Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

Explore

Cravath, Swaine & Moore LLP Logo
  • CONTACT US
  • OUR STORY
  • ALUMNI PORTAL
  • DISCLAIMERS & NOTICES

Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.