Cravath represented the initial purchasers, led by Credit Suisse, in connection with the US$3.25 billion 144A/Reg. S high-yield senior secured debt offering of Reynolds Group Issuer Inc., Reynolds Group Issuer LLC and Reynolds Group Issuer (Luxembourg) S.A. At the time of the transaction, this was the largest high-yield offering since 2008. Reynolds Group Holdings Limited is a leading global manufacturer and supplier of consumer food, beverage and foodservice packaging products. The transaction closed on September 28, 2012.
The Cravath team included partners Kris F. Heinzelman and Joseph D. Zavaglia and associates Bomi Lee, Benjamin G. Joseloff and Curtis R. Weber.