Cravath represented Credit Suisse as initial purchaser in connection with the US$750 million 144A/Reg. S high-yield senior secured debt offering of Shea Homes Limited Partnership and Shea Homes Funding Corp. Shea Homes Limited Partnership is one of the largest private homebuilders in the United States. The transaction closed on May 10, 2011.
The Cravath team included partner Kris F. Heinzelman, senior attorney John Gerhard and associates Kenneth S. Gerold, Benjamin C. Hewitt and Michael Saliba.