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News & Insights

Danaos Corporation’s High‑Yield Senior Notes Offering

February 25, 2021

Cravath represented the initial purchasers in connection with the $300 million 144A/Reg. S high‑yield senior notes offering of Danaos Corporation, an international owner of containerships which provides seaborne transportation services to the liner companies. The transaction closed on February 11, 2021.

The Cravath team included partners Philip J. Boeckman and Andrew J. Pitts and associates David Li, Lavinia M. Borzi and Connor F. O’Neill on capital markets matters, and partner Christopher K. Fargo and associates Duncan H. Hardell and Kyle R. Jorstad on tax matters. Alissa B. Fromkin also worked on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • London
  • Tax
  • Transportation

People

Photo
Name
Philip J. Boeckman
Title
Corporate
Title
Partner
Email
pboeckman@cravath.com
Phone
+44-20-7453-1020
vCard
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    Education

    • J.D., 1991, University of Missouri Columbia School of Law
      Order of the Coif, magna cum laude
    • B.A., 1988, Westminster College
      cum laude

    Admitted In

    • New York
    Photo
    Name
    Andrew J. Pitts
    Title
    Corporate
    Title
    Partner
    Email
    apitts@cravath.com
    Phone
    +1-212-474-1620
    vCard
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      Education

      • M.B.A., 1995, Boston University
        with High Honors
      • J.D., 1994, Boston University School of Law
        summa cum laude
      • B.A., 1988, Trinity College

      Admitted In

      • New York
      Photo
      Name
      Christopher K. Fargo
      Title
      Tax
      Title
      Partner
      Email
      cfargo@cravath.com
      Phone
      +1-212-474-1236
      vCard
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        Education

        • J.D., 2006, Columbia Law School
          Harlan Fiske Stone; Michael Lynne Scholar
        • B.A., 2003, Boston College
          Honors Program, cum laude

        Admitted In

        • New York

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        Danaos Corporation’s High‑Yield Senior Notes Offering

        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.

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        October 27, 2025

        Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

        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.

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        Royal Caribbean Cruises Ltd.’s $1.5 Billion Registered Senior Notes Offering

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        Webster Financial Corporation’s Fixed Rate Reset Subordinated Notes Offering

        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.

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