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
November 18, 2025
Cravath represented funds managed by affiliates of Brevan Howard in connection with an investment in Ripple Labs, Inc., consisting of a private placement of Class A Common Stock, as part of Ripple’s $500 million strategic investment at a $40 billion valuation, led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The transaction closed on November 4, 2025.
Deals & Cases
October 31, 2025
Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Danaos Corporation, a global shipping company that operates one of the world's largest fleets of containerships. The transaction closed on October 17, 2025.
Deals & Cases
October 27, 2025
Cravath represented the initial purchaser in connection with the $275 million 144A/Reg. S high‑yield senior guaranteed notes offering of Cleveland‑Cliffs Inc., a leading North America‑based steel producer. The transaction closed on October 10, 2025.
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.
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