ITE Management L.P.’s Financing of the acquisition of American Railcar Industries

Cravath represented Credit Suisse on the transaction

ITE Management L.P. secured a senior secured credit facility from Credit Suisse to finance its acquisition of American Railcar Industries, a prominent North American designer and manufacturer of hopper and tank railcars.

The transaction is valued at $1.75 billion and is expected to close in the fourth quarter of 2018.

ITE Management LP is a principal investment firm. The firm seek to invest in industrial and transportation assets and companies, and related industries and services with a critical focus on investments that generate current cash.

The Cravath team included partner Joseph D. Zavaglia (Picture), practice area attorney Justin D. Forlenza and associate Jessie Chiang on financing matters, and partner Matthew Morreale on environmental matters. Samyel Lee also worked on financing matters.

Involved fees earner: Joseph Zavaglia – Cravath Swaine & Moore; Justin Forlenza – Cravath Swaine & Moore; Jessie Chiang – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Credit Suisse;

Author: Ambrogio Visconti