Fortress Transportation and Infrastructure Investors’ $650 Million Credit Facility

Cahill represented the lead arrangers in the transaction, while Cravath represented the borrower, Fortress Transportation and Infrastructure Investors.

Fortress Transportation and Infrastructure Investors LLC obtained a $650,000,000 bridge credit facility.

Proceeds from the credit facility were used to acquire Transtar, LLC, an operating subsidiary of United States Steel Corporation.

Morgan Stanley Senior Funding, Inc. and Barclays Bank Plc acted as lead arrangers in the transaction.

Fortress Transportation and Infrastructure Investors LLC owns and acquires high-quality transportation equipment and infrastructure assets.

The Cahill team inlcuded William M. Hartnett, Helene R. Banks (Picture), Noah B. Newitz, Elizabeth Yahl, Justin Zeizel, Demetrios Giakoumis, and Maria Vlasie.

The Cravath team included partner George E. Zobitz and associate Janice T. P. Martindale on banking matters, and partner J. Leonard Teti II and associate Duncan H. Hardell on tax matters.

Involved fees earner: Helene Banks – Cahill Gordon & Reindel; Demetrios Giakoumis – Cahill Gordon & Reindel; William Hartnett – Cahill Gordon & Reindel; Noah Newitz – Cahill Gordon & Reindel; Maria Vlasie – Cahill Gordon & Reindel; Elizabeth Yahl – Cahill Gordon & Reindel; Justin Zeizel – Cahill Gordon & Reindel; Duncan Hardell – Cravath Swaine & Moore; Janice T. P. Martindale – Cravath Swaine & Moore; J. Leonard Teti II – Cravath Swaine & Moore; George Zobitz – Cravath Swaine & Moore;

Law Firms: Cahill Gordon & Reindel; Cravath Swaine & Moore;

Clients: Barclays Bank; Fortress Transportation and Infrastructure Investors LLC; Morgan Stanley Senior Funding, Inc.;

Author: Martina Bellini