Cravath’s New York Office Moves to Two Manhattan West
Sarah F. Rosen focuses her practice on corporate finance transactions, principally in the area of syndicated leveraged finance.
Notable matters include representing:
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with the $665 million first lien and second lien credit facilities of Allied Security Holdings LLC, a Blackstone portfolio company.
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with a $2.06 billion refinancing/“amend and extend” transaction for luxury goods retailer Neiman Marcus, Inc.
- J.P. Morgan Securities LLC, as arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with Kansas City Southern de México’s senior secured revolving credit facility.
- The agents and arrangers in connection with the $250 million ABL revolving credit facility and $1.225 billion term loan facility of PETCO Animal Supplies, Inc.
Ms. Rosen was born in Brooklyn, New York. She received a B.A. magna cum laude from New York University in 2002 and a J.D. from Columbia Law School in 2005, where she was a Harlan Fiske Stone Scholar and a member of the Business Law Review.
Ms. Rosen joined Cravath in 2005 and was elected of counsel in 2022.
Notable matters include representing:
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with the $665 million first lien and second lien credit facilities of Allied Security Holdings LLC, a Blackstone portfolio company.
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with a $2.06 billion refinancing/“amend and extend” transaction for luxury goods retailer Neiman Marcus, Inc.
- J.P. Morgan Securities LLC, as arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with Kansas City Southern de México’s senior secured revolving credit facility.
- The agents and arrangers in connection with the $250 million ABL revolving credit facility and $1.225 billion term loan facility of PETCO Animal Supplies, Inc.
Ms. Rosen was born in Brooklyn, New York. She received a B.A. magna cum laude from New York University in 2002 and a J.D. from Columbia Law School in 2005, where she was a Harlan Fiske Stone Scholar and a member of the Business Law Review.
Ms. Rosen joined Cravath in 2005 and was elected of counsel in 2022.
Education
-
J.D., 2005, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 2002, New York Universitymagna cum laude
Admitted In
- New York
Professional Affiliations
American Bar Association
New York State Bar Association
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 17, 2024
Terex Corporation’s $2.8 Billion of Credit Facilities and High‑Yield Notes in Connection with its Acquisition of Dover Corporation’s Environmental Solutions Group
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
October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
July 22, 2024
Arrangement of Financing for the $2 Billion Acquisition of Dover Corporation’s Environmental Solutions Group by Terex
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
June 28, 2024
Pactiv Evergreen’s $2.43 Billion of Upsized Credit Facilities
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.
Firm News
November 21, 2022
Cravath Announces New Of Counsels
On November 16, 2022, Cravath elected Isaac C. Beerman, Will C. Giles, William D. Podurgiel, Sarah F. Rosen and Zachary R. Smith as of counsels of the Firm, effective January 1, 2023.
Sarah F. Rosen focuses her practice on corporate finance transactions, principally in the area of syndicated leveraged finance.
Notable matters include representing:
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with the $665 million first lien and second lien credit facilities of Allied Security Holdings LLC, a Blackstone portfolio company.
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with a $2.06 billion refinancing/“amend and extend” transaction for luxury goods retailer Neiman Marcus, Inc.
- J.P. Morgan Securities LLC, as arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with Kansas City Southern de México’s senior secured revolving credit facility.
- The agents and arrangers in connection with the $250 million ABL revolving credit facility and $1.225 billion term loan facility of PETCO Animal Supplies, Inc.
Ms. Rosen was born in Brooklyn, New York. She received a B.A. magna cum laude from New York University in 2002 and a J.D. from Columbia Law School in 2005, where she was a Harlan Fiske Stone Scholar and a member of the Business Law Review.
Ms. Rosen joined Cravath in 2005 and was elected of counsel in 2022.
Notable matters include representing:
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with the $665 million first lien and second lien credit facilities of Allied Security Holdings LLC, a Blackstone portfolio company.
- Credit Suisse Securities (USA) LLC, as arranger, and Credit Suisse AG, as administrative agent, in connection with a $2.06 billion refinancing/“amend and extend” transaction for luxury goods retailer Neiman Marcus, Inc.
- J.P. Morgan Securities LLC, as arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with Kansas City Southern de México’s senior secured revolving credit facility.
- The agents and arrangers in connection with the $250 million ABL revolving credit facility and $1.225 billion term loan facility of PETCO Animal Supplies, Inc.
Ms. Rosen was born in Brooklyn, New York. She received a B.A. magna cum laude from New York University in 2002 and a J.D. from Columbia Law School in 2005, where she was a Harlan Fiske Stone Scholar and a member of the Business Law Review.
Ms. Rosen joined Cravath in 2005 and was elected of counsel in 2022.
Education
-
J.D., 2005, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 2002, New York Universitymagna cum laude
Admitted In
- New York
Professional Affiliations
American Bar Association
New York State Bar Association
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 17, 2024
Terex Corporation’s $2.8 Billion of Credit Facilities and High‑Yield Notes in Connection with its Acquisition of Dover Corporation’s Environmental Solutions Group
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
October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
July 22, 2024
Arrangement of Financing for the $2 Billion Acquisition of Dover Corporation’s Environmental Solutions Group by Terex
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
June 28, 2024
Pactiv Evergreen’s $2.43 Billion of Upsized Credit Facilities
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.
Firm News
November 21, 2022
Cravath Announces New Of Counsels
On November 16, 2022, Cravath elected Isaac C. Beerman, Will C. Giles, William D. Podurgiel, Sarah F. Rosen and Zachary R. Smith as of counsels of the Firm, effective January 1, 2023.
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