YRC Worldwide, Inc.’s Term Loan Facility
August 30, 2017
Cravath represented Credit Suisse, as lead arranger, in connection with the arrangement of a $600 million term loan credit facility provided to YRC Worldwide, Inc. (“YRC”) in order to refinance YRC’s existing term loan facility. This maturity extension of the term loan facility was an important liability management transaction for YRC, as it allowed YRC to focus on addressing other upcoming maturities and avoid a “springing” maturity of its asset‑based loan facility. The transaction closed on July 26, 2017.
The Cravath team was led by partner Paul H. Zumbro and included senior attorney Sarah F. Rosen and associate Steven Y. Li on banking matters; associate Andrew T. Davis on tax matters; and associate Aaron J. Feuer on executive compensation and benefits matters. Valerie E. Wood also worked on banking matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 1992, Yale CollegeDistinction in Major, cum laude
- New York
Education
Admitted In
-
J.D., 2005, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 2002, New York Universitymagna cum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
January 03, 2025
iBanFirst’s Amendment and Restatement of its Senior Facilities Agreement
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.
Deals & Cases
December 02, 2024
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.
Deals & Cases
October 29, 2024
Gannett Holdings LLC’s Term Loan Facility
Cravath represented Gannett Holdings LLC in connection with its $900 million senior secured term loan facility. Gannett Holdings LLC is a wholly owned subsidiary of Gannett Co., Inc., a leading diversified media company with expansive reach at the national and local level dedicated to empowering and enriching communities. The transaction closed on October 15, 2024.
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.
