Four Decades for Justice
Cravath represented the initial purchaser, Wells Fargo Securities, in connection with the $400 million 144A/Reg. S high‑yield senior secured second lien notes offering of Boyne USA, Inc., an owner and operator of mountain resorts in North America. Proceeds of the offering will be partially used to finance the acquisition of certain property owned by affiliates of Ski Resort Holdings LLC. The acquisition was backstopped by a senior secured second lien bridge facility commitment also led by Wells Fargo. The offering closed on April 11, 2018.
The Cravath team included partners William V. Fogg and Michael E. Mariani and associates Jennifer Uren and Sarah R. Jacobson. Jeffrey M. Amico also worked on this matter.
Deals & Cases
March 26, 2024
Cravath represented Lazard Group LLC in connection with its $400 million registered senior notes offering and concurrent cash tender offer. Lazard is one of the world’s preeminent financial advisory and asset management firms. The registered senior notes offering closed on March 12, 2024 and the cash tender offer expired on March 12, 2024.
Deals & Cases
March 25, 2024
Cravath represented the initial purchasers in connection with the $1.1 billion high‑yield senior notes offering of United Rentals (North America), Inc., a subsidiary of United Rentals, Inc., the largest equipment rental company in the world at the time of the offering. The transaction closed on March 11, 2024.
Deals & Cases
March 25, 2024
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of Westinghouse Air Brake Technologies Corporation, one of the world's largest providers of value‑added, technology‑based equipment, systems and services for the global passenger transit and freight rail industries. The transaction closed on March 11, 2024.
Deals & Cases
March 21, 2024
Cravath represented the underwriters in connection with the $600 million registered senior notes offering and concurrent $400 million registered fixed‑rate junior subordinated notes offering of TPG Operating Group II, L.P. TPG Operating Group II, L.P. is a subsidiary of TPG Inc., a leading global alternative asset manager. The registered senior notes offering closed on March 5, 2024 and the registered fixed‑rate junior subordinated notes offering closed on March 4, 2024.
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