Four Decades for Justice
Cravath represented the placement agent, Citigroup Global Markets Inc., in connection with the US$323 million private placement of common stock of Communications Sales & Leasing, Inc., an internally managed REIT engaged in the acquisition and construction of mission critical infrastructure in the communications industry. Certain creditors of Windstream Holdings Inc., a provider of advanced network communications and technology solutions, received the shares offered by Citigroup in exchange for debt obligations of Windstream held by such creditors. The shares were listed on the NASDAQ Global Select Market. The transaction closed on June 15, 2016.
The Cravath team included partners Andrew J. Pitts and Joseph D. Zavaglia and associates Ankur N. Patel, Elizabeth J. Zhang, Max A. Greenwald on securities matters and associate Richard Bohm on tax matters.
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