Four Decades for Justice
Cravath represented Conduent Finance, Inc. and Xerox Business Services, LLC in connection with their US$510 million 144A/Reg. S high‑yield senior debt offering. Conduent Finance, Inc. and Xerox Business Services, LLC are subsidiaries of Conduent Incorporated (“Conduent”), a leading provider of business process services with expertise in transaction‑intensive processing, analytics and automation.
Cravath also represented Conduent and its subsidiaries, Xerox Business Services, LLC, Affiliated Computer Services International B.V. and Conduent Finance, Inc., in connection with the arrangement of their $700 million five‑year senior secured term loan A facility, $750 million seven‑year senior secured term loan B facility and $750 million five‑year senior secured revolving credit facility provided by JPMorgan Chase Bank, N.A., as administrative agent.
The bond offering and credit facility transactions closed on December 7, 2016 and were completed in anticipation of the spin‑off of Conduent from Xerox, a leading global enterprise for business process and document management, which closed on January 3, 2017.
The Cravath team included partner Joseph D. Zavaglia and associates Michael L. Arnold and Alex L. Winkelman on securities matters and partner Stephen M. Kessing and associates Stephanie R. Gallina, Rami Totari and Joshua S. Aronoff on banking matters. Anthony J. Ramirez also worked on this matter.
Deals & Cases
April 15, 2024
Cravath represented the underwriters in connection with the $1.1 billion senior notes offering of Analog Devices, Inc., a world leader in the design, manufacture and marketing of a broad portfolio of solutions that leverage high‑performance analog, mixed‑signal and digital signal processing technology, including integrated circuits, algorithms, software and subsystems. The transaction closed on April 3, 2024.
Deals & Cases
April 10, 2024
Cravath represented Juventus Football Club S.p.A., as U.S. counsel, in connection with its €200 million offering of new ordinary shares with transferable pre‑emptive subscription rights granted to existing shareholders. Juventus Football Club S.p.A. operates as a leading professional football club in Italy. Its core business centers around the football club’s participation in national and international football competitions. The shares were listed on Euronext Milan. The transaction closed on March 27, 2024.
Deals & Cases
April 08, 2024
Cravath represented Symetra Financial Corporation in connection with its $250 million 144A/Reg S. senior notes offering. Symetra Financial Corporation is a financial services company in the life insurance industry. The transaction closed on April 3, 2024.
Deals & Cases
April 02, 2024
Cravath represented the underwriters in connection with the $1 billion registered senior notes offering of Dell International L.L.C. and EMC Corporation. Dell International L.L.C. and EMC Corporation are wholly owned subsidiaries of Dell Technologies, a leading integrated technology solutions provider in the IT industry. The transaction closed on March 18, 2024.
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