Olshan Represents GenCorp in Obtaining Committed Financing for Acquisition of Rocketdyne Business from United Technologies
Olshan represented existing client GenCorp. Inc., a leading manufacturer of aerospace and defense products, in obtaining financing commitments of up to $510 million from Morgan Stanley Senior Funding LLC and Citigroup Global Markets Inc. in connection with its announced agreement to acquire United Technologies Corp.’s Pratt & Whitney Rocketdyne unit, which manufactures liquid-fueled rocket propulsion systems, for $550 million. Steve Wolosky, Jeffrey Spindler, Yehuda Markovits and Patrick Curtis represented GenCorp in connection with the financing commitments. Various media outlets, including The Wall Street Journal, Reuters and The Los Angeles Times, have reported on the transaction.