Cravath’s London Office Moves to 100 Cheapside
Cravath represented the initial purchasers in connection with the $500 million and €585 million 144A/Reg. S high‑yield senior secured notes offering of CGG S.A., a global geoscience technology leader. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on April 1, 2021. Cravath also represented the dealer managers in a related tender offer to purchase any and all of CGG Holding (U.S.) Inc.’s outstanding $300 million and €280 million 144A/Reg. S high‑yield senior secured notes. The settlement of the tender offer occurred on April 1, 2021.
The Cravath team included partner George A. Stephanakis, European counsel Virginie Marier and associates Osvaldo Galeano, Nadia T. Odai‑Afotey and Shannon R. Westerlind on capital markets matters, partner Stephen M. Kessing and associates DongHwa Kim and Diane Mokoro on U.S. collateral matters, and partner Christopher K. Fargo and associate Kyle R. Jorstad on tax matters. Niccolo Calvi also worked on capital markets matters.
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.
Deals & Cases
June 27, 2025
Cravath represented the underwriters in connection with the $400 million fixed‑rate reset subordinated notes offering of Fidelis Insurance Holdings Limited, a global specialty insurer that leverages strategic partnerships to offer innovative and tailored insurance solutions. The transaction closed on June 13, 2025.
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