Crown Paper Group’s $155 million Senior Secured Term Loan Facility and Senior Secured Revolving Credit Facility


Cravath represented Crown Paper Group Inc., a portfolio company of New York City-based private equity firm Lindsay Goldberg, in connection with a $155 million senior secured term loan facility and a $25 million senior secured revolving credit facility.

The facilities will be used for a dividend recapitalization, to refinance existing indebtedness and for general corporate purposes. The transaction closed on April 3, 2018.

Crown Paper Group, Inc. is a holding company which invests in paper and packaging businesses. The company, led by Steven J. Klinger and Matthew T. Denton, was founded in 2015 and is headquartered in Atlanta, Georgia.

The Cravath team included partner Tatiana Lapushchik (Picture) and associates David J. Kohtz and Michael W. Fahner on banking matters; associates Jason M. Sandler and Kelly M. Smercina on corporate matters; associates Peter W. Rogers and Damien J. Rose on tax matters; and practice area attorney Brian O. Larkin on real estate matters.

Involved fees earner: Tatiana Lapushchik – Cravath Swaine & Moore; David J. Kohtz – Cravath Swaine & Moore; Jason Sandler – Cravath Swaine & Moore; Kelly Smercina – Cravath Swaine & Moore; Peter Rogers – Cravath Swaine & Moore; Damien Rose – Cravath Swaine & Moore; Brian Larkin – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Crown Paper Group Inc.;

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Author: Ambrogio Visconti