Cravath Publishes Summer 2026 Issue of Alumni Journal
Cravath represented the underwriters, led by J.P. Morgan Securities and BofA Merrill Lynch, in connection with the US$611 million registered offering of 34,400,000 shares of class A common stock of The WhiteWave Foods Company, a leading consumer packaged food and beverage company. Immediately prior to this offering, Dean Foods Company completed a debt‑for‑equity exchange in which Dean Foods exchanged all the shares to be sold in the offering for indebtedness of Dean Foods held by J.P. Morgan Securities and BofA Merrill Lynch. J.P. Morgan Securities and BofA Merrill Lynch then sold all the shares to the underwriters for the offering.
The Cravath team included partner William V. Fogg and associates John C. Duffy and Brent R. Tomlinson on corporate matters; partner J. Leonard Teti II and associate Matthew O. Williams on tax matters; associate Matthew Cantor on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters.
Deals & Cases
July 29, 2026
Cravath represented the initial purchasers, arrangers and lenders in connection with the offering of €400 million in aggregate principal amount of senior secured notes and new revolving credit facilities of Pasubio, a PAI Partners portfolio company and a leading global supplier of luxury and premium leather and textile materials. Proceeds of the offering were used to redeem Pasubio’s existing senior secured notes, repay drawings under its existing revolving credit facility, pay transaction fees and expenses and for general corporate purposes. The transaction closed on July 27, 2026.
Deals & Cases
July 15, 2026
Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S fixed‑to‑floating rate junior subordinated notes offering of Enstar Group Limited (“Enstar”), a leading global (re)insurance group that offers innovative capital release solutions and specialty underwriting capabilities. Cravath also represented the dealer managers in connection with Enstar’s concurrent $500 million cash tender offer for a series of Enstar’s outstanding debt securities. The transactions closed on July 1, 2026.
Deals & Cases
April 28, 2026
Cravath represented the initial purchasers in connection with the $3 billion 144A/Reg. S notes offering of ERAC USA Finance LLC, guaranteed by Enterprise Holdings, Inc., a leading global mobility solutions provider operating under the Enterprise Mobility corporate brand. The transaction closed on April 14, 2026.
Deals & Cases
March 26, 2026
Cravath represented the initial purchasers in connection with the $700 million 144A/Reg. S high‑yield senior notes offering of The Chemours Company a leading, global provider of performance chemicals. The transaction closed on March 12, 2026.
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