Cravath represented the initial purchasers, J.P. Morgan Securities, Citigroup, Lloyds Bank and RBS, in connection with the £265 million 144A/Reg. S high-yield senior secured debt offering of Cabot Financial (Luxembourg) S.A., a wholly owned subsidiary of Cabot Financial Holdings Group Limited, the largest acquirer and manager of defaulted consumer debt from financial services firms in the United Kingdom. Cabot Financial Holdings Group Limited is a portfolio company of AnaCap Financial Partners L.L.P. The transaction closed on September 20, 2012.
The Cravath team included partner George A. Stephanakis and associates Kyle C. Harmon and Kimberly M. Jeffers.