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
December 24, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners, in connection with $2.5 billion of credit facilities made available to Ovintiv Inc., as part of the financing transactions undertaken in connection with their pending acquisition of certain assets from Paramount Resources Ltd. Ovintiv Inc. is a leading North American oil and natural gas exploration and production company. The facilities consisted of a $1.5 billion asset-sale term loan facility and a $1 billion two-year term loan facility. The facilities closed on December 10, 2024.
Deals & Cases
December 04, 2024
On December 3, 2024, OMERS Private Equity, which manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans, announced the signing of a definitive agreement to acquire a majority stake in Integris, a leading provider of IT services in the United States, from Frontenac, a Chicago‑based private equity firm. Financial terms of the transaction were not disclosed. Cravath is representing OMERS Private Equity in connection with the transaction.
Deals & Cases
December 02, 2024
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
November 13, 2024
On November 13, 2024, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), one of the world’s leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.
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.
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
December 24, 2024
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners, in connection with $2.5 billion of credit facilities made available to Ovintiv Inc., as part of the financing transactions undertaken in connection with their pending acquisition of certain assets from Paramount Resources Ltd. Ovintiv Inc. is a leading North American oil and natural gas exploration and production company. The facilities consisted of a $1.5 billion asset-sale term loan facility and a $1 billion two-year term loan facility. The facilities closed on December 10, 2024.
Deals & Cases
December 04, 2024
On December 3, 2024, OMERS Private Equity, which manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans, announced the signing of a definitive agreement to acquire a majority stake in Integris, a leading provider of IT services in the United States, from Frontenac, a Chicago‑based private equity firm. Financial terms of the transaction were not disclosed. Cravath is representing OMERS Private Equity in connection with the transaction.
Deals & Cases
December 02, 2024
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
November 13, 2024
On November 13, 2024, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), one of the world’s leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.
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.
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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