Cravath represented AdvanSix Inc. in connection with $425 million of credit facilities. AdvanSix Inc. is a leading integrated chemistry company that produces essential materials for diverse end markets. The facilities consisted of a $275 million revolving credit facility and a $150 million term loan facility. The transaction closed on August 14, 2026. 

On August 31, 2026, Aon, a leading global professional services firm, announced the signing of a definitive agreement to acquire USI, a leading provider of property & casualty, employee benefit, personal risk and retirement solutions for the middle market and the tenth largest U.S. insurance broker, from KKR and other shareholders for a total purchase price of $17 billion. Aon expects to fund the transaction, as well as related transaction expenses and other costs, with new debt raised across a range of maturities, subject to market conditions. The transaction has been unanimously approved by the Board of Directors of Aon and the Board of Directors of USI. Cravath is representing Aon in connection with the transaction.

Cravath partner David J. Kappos participated in the 2026 Global Forum on Intellectual Property, entitled “The Rise of AI: Is It IP as Usual?,” which was hosted by the Intellectual Property Office of Singapore from August 26‑27, 2026 in Singapore. Dave spoke on a panel entitled “A Better Brew and Grounds for Recovery: From Drafting to Enforcement,” which explored how parties can manage IP risks from contract design through to recovery—covering practical issues such as territorial restrictions, group structures, audit rights, dispute resolution mechanisms, damages quantification, settlement evaluation, asset tracing and enforcement risk.

On August 24, 2026, Cravath partner Brittany L. Sukiennik was featured as part of Law360’s 2026 “Rising Stars” series as one of the top Energy attorneys in the nation under the age of 40. The related profile highlights Brittany’s work for clients including PG&E and Xcel Energy in sprawling and complex wildfire‑related litigation.

On August 25, 2026, Cravath published the latest edition of its Venture Capital & Growth Equity Insights newsletter, which provides insight into U.S. and global venture capital and related activity during the first half of 2026 and an outlook for the rest of the year. Key takeaways from this edition include:

Cravath represented the underwriters in connection with the $500 million offering of depositary shares representing preferred stock of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on August 12, 2026.

On August 25, 2026, Cravath prepared a memo for its clients entitled “Federal Reserve Board Proposes Update to Regulation O.” The memo discusses the Federal Reserve Board’s request for comments on a proposed rulemaking to modernize Regulation O, which establishes limits on lending by a bank to individuals and entities that can potentially influence its lending decisions, as well as related governance and recordkeeping requirements for insider lending. 

Cravath represented the underwriters in connection with the $2 billion registered senior notes offering of Skyworks Solutions, Inc., a leading developer, manufacturer and provider of analog and mixed‑signal semiconductor products and solutions for numerous applications. Proceeds of the offering will be used to finance the acquisition of Qorvo, Inc. The transaction closed on August 10, 2026.

Cravath represented the initial purchasers in connection with the $1.25 billion senior notes offering of State Street Bank and Trust Company, the principal banking subsidiary of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on July 23, 2026.

Cravath represented Martin Marietta Materials, Inc. (“Martin Marietta”) in connection with its $5.5 billion registered senior notes offering. Martin Marietta is a leading supplier of aggregates and heavy building materials for the construction industry in the United States. Proceeds of the offering will be used to finance the acquisition of Lhoist North America, Inc. The transaction closed on August 14, 2026.

Cravath partners Karin A. DeMasi, Rachel G. Skaistis, Lauren A. Moskowitz and Vanessa A. Lavely were recognized by Benchmark Litigation in the 2026 edition of “Top 250 Women in Litigation,” which honors “top players in their respective fields.” Inclusion in the list is based on a review of individual litigators’ professional activities, client feedback surveys and one on one interviews. This is the ninth consecutive year Karin and Rachel have been selected for inclusion in the publication. Lauren is recognized for the sixth year, and Vanessa is recognized for the second year.

Cravath partners Sharonmoyee Goswami, Lauren M. Rosenberg, David H. Korn, Brittany L. Sukiennik, Michael J. Zaken and Rebecca J. Schindel were named by Benchmark Litigation to its 2026 “40 & Under List.” The list honors “the top emerging talent in litigation” and was compiled through a process involving peer and client review, along with examination of individual cases.

On August 11, 2026, Bloomberg Law published an article by Cravath partners David J. Kappos, Sasha Rosenthal‑Larrea and Evan Norris, of counsel Dean M. Nickles and associate Lucille D. Finn entitled “Hasty Adoption of Internal AI Tools Can Expose Sensitive Data." The article outlines risks that companies should be aware of when AI tools are rolled out, including the potential for exposure of sensitive company data, and discusses mitigation options such as data access controls, data inventory, data integrity protection and human oversight.

On August 6, 2026, Harrow, a leading provider of ophthalmic disease management solutions in North America, announced that it has entered into a definitive agreement to acquire TYRVAYA® (varenicline solution) nasal spray 0.03 mg from Viatris Inc. (“Viatris”), a global healthcare company. TYRVAYA is a cholinergic agonist indicated for the treatment of the signs and symptoms of dry eye disease (DED) and is currently approved in the U.S., China, and Taiwan, with marketing authorization applications pending in other countries. Under the terms of the agreement, Harrow will pay $30 million in cash at closing and up to $70 million in contingent milestone payments tied to TYRVAYA's net sales, for a potential total consideration of up to $100 million. Cravath is representing Viatris in connection with the transaction.

On August 6, 2026, Cravath published the latest edition of its Cravath Data Privacy and Security Review newsletter. The Review provides an overview of recent U.S. state and federal legislative and regulatory developments, alongside U.S. and global enforcement trends and takeaways, in data privacy and cybersecurity for the first six months of 2026. 

Cravath represented the underwriters in connection with the $2 billion registered fixed rate/floating rate senior notes offering of The PNC Financial Services Group, Inc., one of the largest diversified financial services companies in the United States. The transaction closed on July 21, 2026.

Cravath represented Neoen Finco Plc in connection with its €650 million 144A/Reg. S high‑yield green senior secured notes offering. Neoen Finco Plc is a finance subsidiary of Neoen Limited, one of the world’s leading renewable energy companies with expertise in solar, onshore wind power and battery storage. Neoen is a Brookfield Renewable Partners portfolio company. The transaction closed on June 18, 2026.

On July 30, 2026, TMX Group, a global provider of data, listing services, trading markets, clearing facilities and other services to the global financial community, announced a definitive agreement to make a strategic investment in MEMX, an exchange operator and market technology provider. Concurrent with that transaction, BOX, a U.S. equity options market with both electronic and floor-based trading, will be combined with MEMX, and TMX Group will have an approximately 59% ownership interest in the combined business. Under the terms of the agreement, this transaction will create a consolidated U.S. exchange group with an enterprise value of approximately $2.3 billion. The new entity will be funded by an equity investment from TMX Group of approximately $800 million, a rollover of TMX’s existing equity interest in BOX, committed rollovers from a group of MEMX and BOX investors, comprised of key market participants, and an investment from a new financial partner. Cravath is representing TMX Group in connection with the transaction.

Cravath represented the initial purchasers, arrangers and lenders in connection with the offering of €400 million in aggregate principal amount of senior secured notes and new revolving credit facilities of Pasubio, a PAI Partners portfolio company and a leading global supplier of luxury and premium leather and textile materials. Proceeds of the offering were used to redeem Pasubio’s existing senior secured notes, repay drawings under its existing revolving credit facility, pay transaction fees and expenses and for general corporate purposes. The transaction closed on July 27, 2026. 

Cravath is representing the mandated lead arrangers and agent in connection with the infrastructure financing made available to a consortium comprising Energy Capital Partners and KKR for the recommended take‑private acquisition of DCC Energy plc, valued at approximately £5.75 Billion. DCC Energy is a leader in multi‑energy sales and distribution in Europe and the U.S. and a constituent of the FTSE 100. The proposed transaction is subject to shareholder approval and receipt of customary regulatory approvals.