Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 01-04-2015 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Financing for Lone Star Funds Acquisition of Hanson Building | Industry: | Construction & Materials |
| Description: |
On December 24, 2014, HeidelbergCement AG announced that it agreed to sell its brick and roof-tile business to Lone Star Funds for USD1.4 billion. Cravath represented Credit Suisse, Barclays and Citigroup as lead arrangers of a USD150 million ABL facility, a USD635 million senior-lien term loan facility and a USD260 million junior-lien term loan facility to finance Lone Star Funds's acquisition of Hanson Building Products Limited, a divested subsidiary of HeidelbergCement AG. The transaction closed on March 13, 2015.
The Cravath team included partners Craig F. Arcella, Paul H. Zumbro and Stephen M. Kessing.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Borrower | Law Firm | Cravath |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | Craig F Arcella |
