Cravath Publishes Summer 2026 Issue of Alumni Journal
Stephen M. Kessing is Co-Head of the Banking and Credit Practice. He advises financial institutions, corporate borrowers and private equity sponsors on a broad range of finance transactions, including complex syndicated loan and direct lending transactions, capital markets transactions, restructurings and debtor‑in‑possession financing, as well as mergers and acquisitions.
Mr. Kessing has extensive experience representing U.S. and international companies across such diverse industries as aerospace (AerCap, Alliant Techsystems, Atlas Air, SMBC Aviation Capital, Tenax Aerospace), consumer (Anheuser‑Busch InBev, ASOS, British American Tobacco, Unilever, Vista Outdoor, Worldstrides), financial services (Element Financial, Lazard, White Mountains), healthcare (Akorn, AmerisourceBergen, HLS Therapeutics, Johnson & Johnson, Novartis), hospitality and leisure (Starwood Hotels, Universal Orlando), industrials (AdvanSix, Honeywell, J.M. Huber, Martin Marietta, Minerals Technologies, Olin, Stanley, Synthomer), information technology (Conduent, Genpact, Xerox), media and entertainment (Cox Enterprises, Graham Holdings, Hasbro, Reservoir Media Management, Univision), technology (D+H, FactSet, IBM, JD Power, Orbotech, Zotec Partners), telecommunications (altafiber, CyrusOne, Frontier) and utilities (PG&E).
Mr. Kessing has also represented J.P. Morgan, Citibank, Bank of America, Jefferies, Wells Fargo, Credit Suisse and Goldman Sachs in syndicated loan, equity, high‑yield bond and leveraged acquisition transactions. The Legal 500 US reports Mr. Kessing is “a key name for sports financing” and he has advised on financings involving teams in each of the major sporting leagues.
Mr. Kessing has been repeatedly recognized as a leading lawyer in banking and finance by Chambers USA, Chambers Global, The Legal 500 US, IFLR1000, Lawdragon and Super Lawyers. Clients describe him as “a valued partner for [their] business” and “an amazing partner to work with,” whose “commercial awareness, broad experience and practical support make him a trusted advisor in this space.” Mr. Kessing is a repeat author on market trends in leveraged finance published by Lexis Practice Advisor and he serves as the Board Secretary of NACME. Mr. Kessing also serves on the Board of Trustees of Canterbury School and the Board of Visitors of Duke Law School.
Mr. Kessing was born in Akron, Ohio. He received a B.S. from Miami University in 1995 and an M.B.A. from the University of Southern California in 2001. Mr. Kessing received a J.D. magna cum laude from Duke University School of Law in 2005, where he was elected to the Order of the Coif. He was also awarded the Faculty Award for Outstanding Achievement in Commercial Transactions and Bankruptcy.
Mr. Kessing joined Cravath in 2005 and was elected a partner in 2012.
Mr. Kessing has extensive experience representing U.S. and international companies across such diverse industries as aerospace (AerCap, Alliant Techsystems, Atlas Air, SMBC Aviation Capital, Tenax Aerospace), consumer (Anheuser‑Busch InBev, ASOS, British American Tobacco, Unilever, Vista Outdoor, Worldstrides), financial services (Element Financial, Lazard, White Mountains), healthcare (Akorn, AmerisourceBergen, HLS Therapeutics, Johnson & Johnson, Novartis), hospitality and leisure (Starwood Hotels, Universal Orlando), industrials (AdvanSix, Honeywell, J.M. Huber, Martin Marietta, Minerals Technologies, Olin, Stanley, Synthomer), information technology (Conduent, Genpact, Xerox), media and entertainment (Cox Enterprises, Graham Holdings, Hasbro, Reservoir Media Management, Univision), technology (D+H, FactSet, IBM, JD Power, Orbotech, Zotec Partners), telecommunications (altafiber, CyrusOne, Frontier) and utilities (PG&E).
Mr. Kessing has also represented J.P. Morgan, Citibank, Bank of America, Jefferies, Wells Fargo, Credit Suisse and Goldman Sachs in syndicated loan, equity, high‑yield bond and leveraged acquisition transactions. The Legal 500 US reports Mr. Kessing is “a key name for sports financing” and he has advised on financings involving teams in each of the major sporting leagues.
Mr. Kessing has been repeatedly recognized as a leading lawyer in banking and finance by Chambers USA, Chambers Global, The Legal 500 US, IFLR1000, Lawdragon and Super Lawyers. Clients describe him as “a valued partner for [their] business” and “an amazing partner to work with,” whose “commercial awareness, broad experience and practical support make him a trusted advisor in this space.” Mr. Kessing is a repeat author on market trends in leveraged finance published by Lexis Practice Advisor and he serves as the Board Secretary of NACME. Mr. Kessing also serves on the Board of Trustees of Canterbury School and the Board of Visitors of Duke Law School.
Mr. Kessing was born in Akron, Ohio. He received a B.S. from Miami University in 1995 and an M.B.A. from the University of Southern California in 2001. Mr. Kessing received a J.D. magna cum laude from Duke University School of Law in 2005, where he was elected to the Order of the Coif. He was also awarded the Faculty Award for Outstanding Achievement in Commercial Transactions and Bankruptcy.
Mr. Kessing joined Cravath in 2005 and was elected a partner in 2012.
International Bar Association
New York City Bar Association
Canterbury School
Duke Law School
National Action Council for Minorities in Engineering
Chambers Global
Chambers USA
IFLR1000
Lawdragon
The Legal 500 US
Super Lawyers - New York
Deals & Cases
October 06, 2026
Cravath represented the agent and lenders in connection with Apax Partners’ €1.5 billion acquisition of Centor Holding US, Inc. and certain entities and assets representing the primary packaging plastics business of the Gerresheimer Group, a leading global partner for pharmaceutical primary packaging, drug delivery systems and solutions. On October 2, 2026, Gerresheimer Group announced the acquisition of Centor Holding was successfully completed.
Deals & Cases
September 30, 2026
Cravath represented Burford Capital Global Finance LLC in connection with its $300 million 144A/Reg. S high‑yield senior secured notes offering to qualified purchasers. Burford Capital Global Finance is a subsidiary of Burford Capital Limited, the leading global finance and asset management firm focused on law. The transaction closed on September 17, 2026.
Deals & Cases
August 31, 2026
Cravath represented AdvanSix Inc. in connection with $425 million of credit facilities. AdvanSix Inc. is a leading integrated chemistry company that produces essential materials for diverse end markets. The facilities consisted of a $275 million revolving credit facility and a $150 million term loan facility. The transaction closed on August 14, 2026.
Deals & Cases
July 13, 2026
Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026.
Deals & Cases
June 29, 2026
On June 29, 2026, Martin Marietta Materials, Inc. (“Martin Marietta”), a leading supplier of aggregates and other building materials, announced that it has entered into a definitive agreement to combine with Lhoist North America, Inc. (“Lhoist North America”), a leading producer of hi‑calcium lime, dolomitic lime and industrial mineral products and a subsidiary of Lhoist Group, for $13.5 billion in cash and shares of Martin Marietta common stock. The transaction is expected to be completed in the second half of 2026, subject to regulatory approvals. Cravath is representing Martin Marietta in connection with the transaction.
Stephen M. Kessing is Co-Head of the Banking and Credit Practice. He advises financial institutions, corporate borrowers and private equity sponsors on a broad range of finance transactions, including complex syndicated loan and direct lending transactions, capital markets transactions, restructurings and debtor‑in‑possession financing, as well as mergers and acquisitions.
Mr. Kessing has extensive experience representing U.S. and international companies across such diverse industries as aerospace (AerCap, Alliant Techsystems, Atlas Air, SMBC Aviation Capital, Tenax Aerospace), consumer (Anheuser‑Busch InBev, ASOS, British American Tobacco, Unilever, Vista Outdoor, Worldstrides), financial services (Element Financial, Lazard, White Mountains), healthcare (Akorn, AmerisourceBergen, HLS Therapeutics, Johnson & Johnson, Novartis), hospitality and leisure (Starwood Hotels, Universal Orlando), industrials (AdvanSix, Honeywell, J.M. Huber, Martin Marietta, Minerals Technologies, Olin, Stanley, Synthomer), information technology (Conduent, Genpact, Xerox), media and entertainment (Cox Enterprises, Graham Holdings, Hasbro, Reservoir Media Management, Univision), technology (D+H, FactSet, IBM, JD Power, Orbotech, Zotec Partners), telecommunications (altafiber, CyrusOne, Frontier) and utilities (PG&E).
Mr. Kessing has also represented J.P. Morgan, Citibank, Bank of America, Jefferies, Wells Fargo, Credit Suisse and Goldman Sachs in syndicated loan, equity, high‑yield bond and leveraged acquisition transactions. The Legal 500 US reports Mr. Kessing is “a key name for sports financing” and he has advised on financings involving teams in each of the major sporting leagues.
Mr. Kessing has been repeatedly recognized as a leading lawyer in banking and finance by Chambers USA, Chambers Global, The Legal 500 US, IFLR1000, Lawdragon and Super Lawyers. Clients describe him as “a valued partner for [their] business” and “an amazing partner to work with,” whose “commercial awareness, broad experience and practical support make him a trusted advisor in this space.” Mr. Kessing is a repeat author on market trends in leveraged finance published by Lexis Practice Advisor and he serves as the Board Secretary of NACME. Mr. Kessing also serves on the Board of Trustees of Canterbury School and the Board of Visitors of Duke Law School.
Mr. Kessing was born in Akron, Ohio. He received a B.S. from Miami University in 1995 and an M.B.A. from the University of Southern California in 2001. Mr. Kessing received a J.D. magna cum laude from Duke University School of Law in 2005, where he was elected to the Order of the Coif. He was also awarded the Faculty Award for Outstanding Achievement in Commercial Transactions and Bankruptcy.
Mr. Kessing joined Cravath in 2005 and was elected a partner in 2012.
Mr. Kessing has extensive experience representing U.S. and international companies across such diverse industries as aerospace (AerCap, Alliant Techsystems, Atlas Air, SMBC Aviation Capital, Tenax Aerospace), consumer (Anheuser‑Busch InBev, ASOS, British American Tobacco, Unilever, Vista Outdoor, Worldstrides), financial services (Element Financial, Lazard, White Mountains), healthcare (Akorn, AmerisourceBergen, HLS Therapeutics, Johnson & Johnson, Novartis), hospitality and leisure (Starwood Hotels, Universal Orlando), industrials (AdvanSix, Honeywell, J.M. Huber, Martin Marietta, Minerals Technologies, Olin, Stanley, Synthomer), information technology (Conduent, Genpact, Xerox), media and entertainment (Cox Enterprises, Graham Holdings, Hasbro, Reservoir Media Management, Univision), technology (D+H, FactSet, IBM, JD Power, Orbotech, Zotec Partners), telecommunications (altafiber, CyrusOne, Frontier) and utilities (PG&E).
Mr. Kessing has also represented J.P. Morgan, Citibank, Bank of America, Jefferies, Wells Fargo, Credit Suisse and Goldman Sachs in syndicated loan, equity, high‑yield bond and leveraged acquisition transactions. The Legal 500 US reports Mr. Kessing is “a key name for sports financing” and he has advised on financings involving teams in each of the major sporting leagues.
Mr. Kessing has been repeatedly recognized as a leading lawyer in banking and finance by Chambers USA, Chambers Global, The Legal 500 US, IFLR1000, Lawdragon and Super Lawyers. Clients describe him as “a valued partner for [their] business” and “an amazing partner to work with,” whose “commercial awareness, broad experience and practical support make him a trusted advisor in this space.” Mr. Kessing is a repeat author on market trends in leveraged finance published by Lexis Practice Advisor and he serves as the Board Secretary of NACME. Mr. Kessing also serves on the Board of Trustees of Canterbury School and the Board of Visitors of Duke Law School.
Mr. Kessing was born in Akron, Ohio. He received a B.S. from Miami University in 1995 and an M.B.A. from the University of Southern California in 2001. Mr. Kessing received a J.D. magna cum laude from Duke University School of Law in 2005, where he was elected to the Order of the Coif. He was also awarded the Faculty Award for Outstanding Achievement in Commercial Transactions and Bankruptcy.
Mr. Kessing joined Cravath in 2005 and was elected a partner in 2012.
International Bar Association
New York City Bar Association
Canterbury School
Duke Law School
National Action Council for Minorities in Engineering
Chambers Global
Chambers USA
IFLR1000
Lawdragon
The Legal 500 US
Super Lawyers - New York
Deals & Cases
October 06, 2026
Cravath represented the agent and lenders in connection with Apax Partners’ €1.5 billion acquisition of Centor Holding US, Inc. and certain entities and assets representing the primary packaging plastics business of the Gerresheimer Group, a leading global partner for pharmaceutical primary packaging, drug delivery systems and solutions. On October 2, 2026, Gerresheimer Group announced the acquisition of Centor Holding was successfully completed.
Deals & Cases
September 30, 2026
Cravath represented Burford Capital Global Finance LLC in connection with its $300 million 144A/Reg. S high‑yield senior secured notes offering to qualified purchasers. Burford Capital Global Finance is a subsidiary of Burford Capital Limited, the leading global finance and asset management firm focused on law. The transaction closed on September 17, 2026.
Deals & Cases
August 31, 2026
Cravath represented AdvanSix Inc. in connection with $425 million of credit facilities. AdvanSix Inc. is a leading integrated chemistry company that produces essential materials for diverse end markets. The facilities consisted of a $275 million revolving credit facility and a $150 million term loan facility. The transaction closed on August 14, 2026.
Deals & Cases
July 13, 2026
Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026.
Deals & Cases
June 29, 2026
On June 29, 2026, Martin Marietta Materials, Inc. (“Martin Marietta”), a leading supplier of aggregates and other building materials, announced that it has entered into a definitive agreement to combine with Lhoist North America, Inc. (“Lhoist North America”), a leading producer of hi‑calcium lime, dolomitic lime and industrial mineral products and a subsidiary of Lhoist Group, for $13.5 billion in cash and shares of Martin Marietta common stock. The transaction is expected to be completed in the second half of 2026, subject to regulatory approvals. Cravath is representing Martin Marietta in connection with the transaction.
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