Amentum’s $4.6 Billion of Credit Facilities and $1 Billion of High‑Yield Notes in Connection with their Merger with Jacobs’ Critical Mission Solutions and Cyber and[...]

Cravath represented Amentum Holdings, Inc. in connection with $4.6 billion of credit facilities established as part of the transactions relating to the spinoff by Jacobs Solutions Inc. of its Critical Mission Solutions and Cyber and Intelligence businesses and the subsequent merger of Amentum with the spun-off business. Amentum Holdings, Inc. is the company resulting from the merger and is listed on the NYSE. The facilities consisted of a $3.75 billion term loan facility and $850 million revolving credit facility. The transactions closed on September 27, 2024.

Cravath also represented Amentum Holdings, Inc. in connection with $1 billion of 144A/Reg. S high-yield senior notes. The transaction closed on August 13, 2024.

The Cravath team included partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associates Joshua G. Ezickson and Hannah Gehringer on banking matters; partners Craig F. Arcella and Ryan J. Patrone and associates Nicholas B. Singer, Sophia Premji and Weston James Barker on capital markets matters; partners J. Leonard Teti II and Andrew T. Davis and associates Carlos N. Obando and Christopher M. Winters on tax matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and practice area attorney David Crampton and associate Celine Li on executive compensation and benefits matters.