Cravath’s New York Office Moves to Two Manhattan West
Matthew M. Kelly represents financial institutions 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:
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 $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;
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:
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 $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;
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.
Lawdragon
The Legal 500 US
Deals & Cases
October 17, 2024
Cravath represented the lead arrangers in connection with $2.05 billion of senior secured credit facilities made available to Terex Corporation in connection with its acquisition of Dover Corporation’s Environmental Solutions Group. The credit facilities consisted of a $1.25 billion term loan “B” facility and a $800 million revolving credit facility. Cravath also represented the initial purchasers in connection with a related $750 million high‑yield senior notes offering by Terex Corporation under Rule 144A and Reg S. The transactions closed on October 8, 2024.
Deals & Cases
August 14, 2024
On August 14, 2024, Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, announced it has signed a definitive agreement to acquire Kellanova, a leading company in the manufacture and marketing of snacks and convenience foods, in a $35.9 billion all cash transaction, including assumed net leverage. Cravath is representing the lead arrangers and bookrunners of committed debt financing in connection with the transaction.
Deals & Cases
August 08, 2024
On August 8, 2024, private investment firm Lindsay Goldberg and Golden State Foods, one of the largest diversified suppliers to the foodservice and retail industries, announced that they have entered into an agreement for Lindsay Goldberg to acquire a controlling interest in Golden State Foods. Cravath is representing Lindsay Goldberg in connection with the transaction.
Deals & Cases
July 22, 2024
On July 22, 2024, Terex Corporation, a global manufacturer of materials processing machinery and aerial work platforms, announced it has signed a definitive agreement to acquire Dover Corporation’s Environmental Solutions Group, in a $2.0 billion all‑cash transaction. Cravath is representing the lead arranger and bookrunner of committed debt financing in connection with the transaction.
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.
Publications
February 07, 2024
On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”
Publications
March 01, 2023
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 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:
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 $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;
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:
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 $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;
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.
Lawdragon
The Legal 500 US
Deals & Cases
October 17, 2024
Cravath represented the lead arrangers in connection with $2.05 billion of senior secured credit facilities made available to Terex Corporation in connection with its acquisition of Dover Corporation’s Environmental Solutions Group. The credit facilities consisted of a $1.25 billion term loan “B” facility and a $800 million revolving credit facility. Cravath also represented the initial purchasers in connection with a related $750 million high‑yield senior notes offering by Terex Corporation under Rule 144A and Reg S. The transactions closed on October 8, 2024.
Deals & Cases
August 14, 2024
On August 14, 2024, Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, announced it has signed a definitive agreement to acquire Kellanova, a leading company in the manufacture and marketing of snacks and convenience foods, in a $35.9 billion all cash transaction, including assumed net leverage. Cravath is representing the lead arrangers and bookrunners of committed debt financing in connection with the transaction.
Deals & Cases
August 08, 2024
On August 8, 2024, private investment firm Lindsay Goldberg and Golden State Foods, one of the largest diversified suppliers to the foodservice and retail industries, announced that they have entered into an agreement for Lindsay Goldberg to acquire a controlling interest in Golden State Foods. Cravath is representing Lindsay Goldberg in connection with the transaction.
Deals & Cases
July 22, 2024
On July 22, 2024, Terex Corporation, a global manufacturer of materials processing machinery and aerial work platforms, announced it has signed a definitive agreement to acquire Dover Corporation’s Environmental Solutions Group, in a $2.0 billion all‑cash transaction. Cravath is representing the lead arranger and bookrunner of committed debt financing in connection with the transaction.
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.
Publications
February 07, 2024
On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”
Publications
March 01, 2023
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.
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