ACE’s $350 Million High?Yield Senior Secured Notes Offering


Cravath represented the initial purchasers, led by Credit Suisse and Jefferies, in connection with the $350 million 144A/Reg. S high?yield senior secured notes offering of ACE Cash Express, Inc.

ACE Cash Express, Inc. is a leading consumer services company providing a broad suite of financial products to customers. The company, led by Jay B. Shipowitz, Susan S. Pressler, Michael Nelson, Laurie Goodine Hill and R. B. Ramsey, is based in Irving.

The transaction closed on December 15, 2017.

The Cravath team included partner Craig F. Arcella (Picture) and associates Eric M. Wasserstrum and Valerie Sapozhnikova on securities matters, and associate Tara L. Rhoades on tax matters. Samuel A. Lifton also worked on securities matters and Leon B. Dalezman worked on tax matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Eric Wasserstrum – Cravath Swaine & Moore; Valerie Sapozhnikova – Cravath Swaine & Moore; Tara Rhoades – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Credit Suisse; Jefferies;

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Author: Ambrogio Visconti