Orbotech Ltd. announced that it has closed the previously announced acquisition of SPTS Technologies Group Limited for a total consideration of $371 million. Cravath represented Orbotech in connection with a new $300 million senior secured syndicated Term Loan B facility, the proceeds from which were used to finance the acquisition.

Headquartered in Israel, Orbotech is a leading global provider of yield-enhancing and production solutions for printed circuit boards and other electrical components. This was the first syndicated Term Loan B completed by an Israeli borrower.

The Cravath team included partners LizabethAnn R. Eisen and Michael S. Goldman and associate Isaac C. Beerman. Arthur L. Lotz also worked on this matter.