Cravath’s New York Office Moves to Two Manhattan West
Cravath represented Credit Suisse AG in connection with the arrangement of a $650 million senior secured first lien term loan facility and a $150 million senior secured second lien term loan facility, and UBS AG in connection with the arrangement of a $120 million senior secured ABL facility. In each case, the loans were made available to an affiliate of CVC Capital Partners Advisory (U.S.), Inc. and BA Glass B.V. to finance their acquisition of the shares of Glass Container Holdings, Inc. and for general corporate purposes. Glass Container Holdings, Inc. is the parent company of Anchor Glass Container Corporation, a leading manufacturer of glass packaging for beer, liquor, food, beverage, ready‑to‑drink and consumer end‑markets. The transactions closed on December 7, 2016.
The Cravath team included partners Paul H. Zumbro and Craig F. Arcella, senior attorney Sarah F. Rosen and associates Isaac C. Beerman, Bethany A. Pfalzgraf, Samuel P. Niles, Noah X. DeBlasi and Shakera M. Thompson on banking matters; practice area attorney Janet L. Lewis on real estate matters; partner Matthew Morreale on environmental matters; and partner Eric W. Hilfers on executive compensation and benefits matters. Anthony J. Ramirez and Nathan H. Trunnell also worked on banking matters and Christopher C. Gonnella also worked on executive compensation and benefits matters.
Deals & Cases
June 28, 2024
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
June 05, 2024
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $1.5 billion of credit facilities made available to Monster Beverage Corporation, a leading developer and distributer of energy drink beverages. The facilities consisted of a $750 million revolving credit facility and a $750 million term loan facility. The transaction closed on May 22, 2024.
Deals & Cases
May 21, 2024
Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $14.5 billion of credit facilities made available to The Home Depot, Inc., the world’s largest home improvement retailer, as part of the financing transactions undertaken in connection with the pending acquisition of SRS Distribution Inc. The facilities consisted of a $10 billion revolving credit facility, $3.5 billion 364‑day revolving credit facility and $1.0 billion three‑year revolving credit facility. The transaction closed on May 7, 2024.
Deals & Cases
May 16, 2024
Cravath represented the joint lead arrangers and joint bookrunners in connection with $1.3 billion of credit facilities made available to Cedar Fair, L.P., and certain of its subsidiaries, as part of the financing transactions undertaken in connection with the pending merger of Cedar Fair, L.P. and Six Flags Entertainment Corporation, two of the largest regional amusement park operators in the world. The facilities consisted of a $1.0 billion term loan facility and a $300 million revolving credit facility. The transaction closed on May 1, 2024.
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.
Attorney Advertising. ©2024 Cravath, Swaine & Moore LLP.