American Woodmark Corporation’s $1.065 Billion Acquisition of RSI Home Products

Robert W. Baird & Co. Incorporated is serving as financial advisor and McGuireWoods LLP is serving as legal counsel to American Woodmark. Intrepid Investment Bankers LLC is serving as financial advisor and O’Melveny & Myers LLP is serving as legal counsel to RSI. Cravath is representing Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as sole lead arranger and sole bookrunner, in connection with the arrangement of a $100 million revolving credit facility and a $250 million term loan facility, which will be used to finance the pending acquisition and for working capital and other general corporate purposes.

American Woodmark Corporation, a leading manufacturer and distributor of kitchen cabinets and vanities for the remodeling and new home construction markets, announced that it has entered into a definite definitive agreement to acquire RSI Home Products, Inc. (“RSI”), a leading manufacturer of kitchen and bath cabinetry and home storage products, for a total transaction value of approximately $1.075 billion.

The O’Melveny team representing RSI was led by partner Mark Easton (Picture), counsel Reid Jason, and associates Adam Ackerman and Bianca Harlow. Partner Rob Blashek advised on tax matters. Partner Tom Baxter, counsel Sarah Hoffner and David Ni, and associate Matthew Finkelstein advised on financing matters. Senior Counsel Warren Fox and associate Rebecca Cottrell advised on executive compensation matters.

The Cravath team included partner Stephen M. Kessing and associate Randall F. Limberg on banking matters; and partner William V. Fogg and associates Ryan M. Farha and Austin L. Lee on securities matters. Ari B. Ruffer also worked on banking matters.

 

Involved fees earner: Stephen Kessing – Cravath Swaine & Moore; Randall Limberg – Cravath Swaine & Moore; William V. Fogg – Cravath Swaine & Moore; Ryan Farha – Cravath Swaine & Moore; Austin Lee – Cravath Swaine & Moore; Mark Easton – O’Melveny & Myers LLP; Reid Jason – O’Melveny & Myers LLP; Adam Ackerman – O’Melveny & Myers LLP; Bianca Harlow – O’Melveny & Myers LLP; Robert Blashek – O’Melveny & Myers LLP; Thomas Baxter – O’Melveny & Myers LLP; Sarah Hoffner – O’Melveny & Myers LLP; David Ni – O’Melveny & Myers LLP; Matthew Finkelstein – O’Melveny & Myers LLP; Warren Fox – O’Melveny & Myers LLP; Rebecca Cottrell – O’Melveny & Myers LLP;

Law Firms: Cravath Swaine & Moore; O’Melveny & Myers LLP;

Clients: Wells Fargo; Wells Fargo Securities; RSI Home Products Inc.;