Drax Finco plc’s High‑Yield Senior Secured Fixed and Floating Rate Debt Offering
May 05, 2017
Cravath represented Drax Finco plc in connection with its £550 million 144A/Reg. S high‑yield senior secured fixed and floating rate debt offering. Drax Finco plc is an indirect wholly owned subsidiary of Drax Group plc, a vertically integrated electricity generation and supply business with operations in the UK and U.S. The notes will be listed on the Luxembourg Stock Exchange. The transaction closed on May 5, 2017.
The Cravath team included partner Alyssa K. Caples and associates Jan H. Penselin, Dominic J. T. Nelson and Marina Lemos Pires.
People
- Photo
-
-
J.D., 2000, Harvard Law Schoolcum laude
-
B.A., 1997, Columbia UniversityPhi Beta Kappa, summa cum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
November 18, 2025
Ripple Labs, Inc.’s Private Placement of Class A Common Stock
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
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.
Deals & Cases
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.
Deals & Cases
October 15, 2025
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.
