Cravath’s London Office Moves to 100 Cheapside
Cravath represented the underwriters, Goldman, Sachs & Co., J.P. Morgan Securities and BMO Capital Markets, in connection with the US$874 million registered common stock offering of Darling International Inc., a leading provider of rendering and cooking oil recycling and recovery solutions and bakery feed to the nation’s food industry. The shares were listed on the New York Stock Exchange. The transaction closed on December 18, 2013.
The Cravath team included associates Scott Bennett, William D. Podurgiel and Melody Koh.
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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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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
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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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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