Four Decades for Justice
Cravath represented the initial purchasers, led by Goldman Sachs & Co. LLC and BMO Capital Markets, in connection with the $220 million 144A/Reg. S high‑yield senior secured notes offering of JPW Industries Holding Corporation (“JPW”). Proceeds of the offering were used to finance the acquisition of Varnsen Industries Holdings S.à r.l (“Varnsen”) by a holding company controlled by Gamut Capital Management, L.P. Varnsen is the indirect parent of JPW, a leading designer, marketer and distributor of branded metalworking and woodworking equipment and specialty shop tools. The acquisition was backstopped by a senior secured bridge facility commitment also led by Goldman Sachs. The transaction closed on September 22, 2017.
The Cravath team included partners Joseph D. Zavaglia and D. Scott Bennett and associates Douglas C. Dolan, Trevor C. Lynch, Sean M. Linnehan, Zachary L. Profant, Rebecca D. Stacker and Tyler J. Cook.
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.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
Attorney Advertising. ©2024 Cravath, Swaine & Moore LLP.