Cravath’s London Office Moves to 100 Cheapside
Cravath represented the underwriters, led by Citigroup, J.P. Morgan Securities, Wells Fargo Securities, BofA Securities, MUFG and SunTrust Robinson Humphrey, in connection with the $750 million registered senior notes offering of KLA Corporation, a leading supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The transaction closed on February 28, 2020.
The Cravath team included partners Andrew J. Pitts and D. Scott Bennett and associates Claudia J. Ricciardi and Christopher M. Tierney on securities matters, and foreign associate attorney Ocka A. Stumm on tax matters.
Deals & Cases
October 15, 2025
Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Royal Caribbean Cruises Ltd., a global cruise company. The transaction closed on October 1, 2025.
Deals & Cases
September 25, 2025
Cravath represented the underwriters in connection with the $350 million fixed rate reset subordinated notes offering of Webster Financial Corporation, a bank holding company of Webster Bank, a commercial bank with a national bank charter focused on providing financial products and services to businesses, individuals and families. The transaction closed on September 11, 2025.
Deals & Cases
September 02, 2025
Cravath represented the initial purchasers in connection with the $2 billion 144A/Reg. S high-yield first lien notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities‑based technology and communications company that provides a broad array of integrated products and services. The transaction closed on August 18, 2025.
Deals & Cases
June 30, 2025
Cravath represented the initial purchasers in connection with the $650 million 144A/Reg. S high‑yield senior notes offering of Compass Minerals International, Inc., a leading provider of essential minerals. The transaction closed on June 16, 2025.
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