Sorenson Communications’ $725 Million First Lien Credit Facilities

Cravath represented Credit Suisse, as administrative agent and lead arranger, in connection with the arrangement of $725 million of first lien credit facilities made available to Sorenson Communications, LLC, a provider of videophones and software to deaf and hard-of-hearing individuals.

The credit facilities consisted of a $700 million term facility and a $25 million revolving credit facility. The transaction closed on April 29, 2019.

Sorenson Communications, Inc. provides communication products and services. The Company offers hearing products and video interpreting services.

The Cravath team included partners Michael S. Goldman (Picture) and Sasha Rosenthal-Larrea and associate Adam G. DiSimine on banking matters, and associate Andrew L. Mandelbaum on tax matters. Jason L. Zhang also worked on banking matters and Dixing Tang worked on executive compensation and benefits matters.

Involved fees earner: Adam DiSimine – Cravath Swaine & Moore; Michael Goldman – Cravath Swaine & Moore; Andrew Mandelbaum – Cravath Swaine & Moore; Sasha Rosenthal-Larrea – Cravath Swaine & Moore; Dixing Tang – Cravath Swaine & Moore; Jason Zhang – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Sorenson Communications, Inc. ;

Author: Ambrogio Visconti