Cravath represented the initial purchasers, led by Jefferies and Credit Suisse, in connection with the US$70 million 144A/Reg. S convertible senior debt offering of Ultrapetrol (Bahamas) Limited, a transportation, logistics and offshore oilfield services company. The transaction closed on December 23, 2010.
The Cravath team included partner William J. Whelan III on corporate matters and partner Andrew W. Needham on tax matters.