Gemini’s $420 Million Senior Secured Credit Facility

Cravath represented Gemini HDPE LLC (“Gemini”) in connection with the arrangement of its $420 million senior secured credit facility, arranged by a syndicate of banks led by Barclays Bank PLC and Citigroup Global Markets Inc., to be used to refinance existing indebtedness.

Gemini is a wholly-owned indirect subsidiary of INEOS Limited and Sasol Limited, each a leading chemical company.

The transaction closed on December 12, 2017.

The Cravath team included partner Tatiana Lapushchik (Picture) and associates Claudia J. Ricciardi and Benjamin T. Dye on banking matters; associate Andrew T. Davis on tax matters; and practice area attorney Janet L. Lewis on real estate matters. Leon B. Dalezman also worked on tax matters.

Involved fees earner: Tatiana Lapushchik – Cravath Swaine & Moore; Claudia Ricciardi – Cravath Swaine & Moore; Benjamin Dye – Cravath Swaine & Moore; Andrew Davis – Cravath Swaine & Moore; Janet Lewis – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Gemini HDPE LLC;


Author: Ambrogio Visconti