Wall Street’s legal heavyweights—Cravath, Swaine & Moore, Paul, Weiss, Rifkind, Wharton & Garrison, and Sullivan & Cromwell—have played key roles in finalizing an extensive $25 billion agreement between Citigroup Inc. and Apollo Global Management Inc. This collaboration marks one of the largest private credit deals in recent years, underlining the escalating significance of private credit in the financial markets.
Cravath, Swaine & Moore represented Citi in the negotiations while Paul Weiss and Sullivan & Cromwell provided regulatory counsel to Apollo, as indicated in a statement released by Citi. Notably, Cravath’s team on the deal included Andrew J. Pitts, co-head of the capital markets practice in North America, Stephen M. Kessing, co-head of the banking and credit practice, and corporate partners Ryan J. Patrone and others.
For a detailed look into the intricacies of the agreement and the significant legal maneuvers involved, the original article on Bloomberg Law provides further insights.