Cravath’s London Office Moves to 100 Cheapside
October 24, 2018
Cravath represented the underwriters, Ied by Bank of America Merrill Lynch, J.P. Morgan Securities, Morgan Stanley, Wells Fargo Securities and RBC Capital Markets, in connection with the $288 million registered fixed‑to‑floating subordinated notes offering of Algonquin Power & Utilities Corp. Through its subsidiaries, Algonquin Power & Utilities Corp. owns and operates a portfolio of generation, distribution and transmission utility assets in Canada and the United States. The transaction closed on October 17, 2018.
The Cravath team included partner Andrew J. Pitts and associates Douglas C. Dolan and Ashley R. Gust on securities matters and associate Andrew T. Davis on tax matters.
Deals & Cases
May 19, 2025
Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S sustainable notes offering of Celulosa Arauco y Constitución S.A., one of Latin America's largest forest plantation owners and one of the world's largest producers of pulp and wood products. The transaction closed on May 5, 2025.
Deals & Cases
March 31, 2025
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg S. high‑yield senior notes offering of Alumina Pty Ltd, a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. Cravath also represented the dealer managers in connection with the concurrent cash tender offers for notes of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, with an aggregate principal amount of up to $1 billion. The transactions closed on March 17, 2025.
Deals & Cases
March 21, 2025
Cravath represented the underwriters in connection with the $500 million fixed rate/floating rate senior notes offering of First Horizon Corporation, a holding company for First Horizon Bank that provides various financial services. The transaction closed on March 7, 2025.
Deals & Cases
March 14, 2025
Cravath represented the initial purchasers in connection with the $500 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. The transaction closed on February 28, 2025.
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