Cravath’s New York Office Moves to Two Manhattan West
On July 3, 2012, the U.S. District Court for the Eastern District of Wisconsin ruled that Cravath client NCR Corporation was not liable as an “arranger” under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as the “Superfund Statute.” Based on testimony and evidence presented during a seven-day bench trial in February 2012, Judge William Griesbach decided that NCR and facilities previously owned by NCR had not “arranged” for the disposal of hazardous waste into the Fox River in Wisconsin through the sale of PCB-containing paper scrap that resulted from the manufacturing of carbonless copy paper. This ruling saves NCR from approximately $100 million in liability to other corporations for the remediation of the Fox River and may have important implications in other actions, including a pending lawsuit brought by corporations seeking reimbursement for remediation of the Kalamazoo River in Michigan.
The Cravath team included partners Evan R. Chesler, Darin P. McAtee and David R. Marriott and associates Omid H. Nasab, Rebecca R. Silber, Vanessa A. Lavely, Lindsay J. Smith, Lindsay W. Bowen, Owen J.M. Roth, Stephen W. Miller, Jennifer A. Jude, Stephen C. Mouritsen and Lauren Roberta Kennedy.
Deals & Cases
October 19, 2023
Cravath represented the administrative agent, joint lead arranger and joint bookrunner, in connection with $2.085 billion of credit facilities made available to NCR Atleos Corporation and $700 million of credit facilities made available to NCR Voyix Corporation (formerly known as NCR Corporation). The proceeds were used to partially finance the spin‑off of NCR Atleos Corporation, an industry‑leading financial technology company providing self‑directed banking solutions to a global customer base including financial institutions, retailers and consumers, from NCR Voyix Corporation, a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. The credit facilities made available to NCR Atleos Corporation consisted of a $500 million revolving credit facility, a $750 million term loan “A” facility and a $835 million term loan “B” facility. The credit facilities made available to NCR Voyix Corporation consisted of a $500 million revolving credit facility and a $200 million term loan “A” facility. The facilities closed on October 16, 2023.
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