Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 12-02-2015 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Financing for Rite Aid Acquisition of EnvisionRx | Industry: | Food & Drug Retailers |
| Description: |
On February 11, 2015, Rite Aid, one of the US's leading drugstore chains, and Envision Pharmaceutical Services, a national pharmacy benefit management company, announced that they have entered into a definitive agreement under which Rite Aid will acquire EnvisionRx in a transaction valued at approximately USD2 billion. Cravath represented Citigroup, BofA Merrill Lynch, Wells Fargo and Credit Suisse as lead arrangers of an aggregate of USD1.8 billion of committed debt financing.
The Cravath team included partners Andrew J. Pitts and Joseph D. Zavaglia and associate Jacquelyn N. Arcati. Alex M. Dzioba also worked on this matter.
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| Financial Center: | New York | Value: | 5000.01-10000.00 |
| Advised Party: | Borrower | Law Firm | Cravath |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | Andrew J Pitts |
