Cravath represented the underwriters, led by Morgan Stanley and Wells Fargo Securities, in connection with the US$230 million offering of depositary shares representing preferred stock of Endurance Specialty Holdings Ltd., a company focused on underwriting speciality lines of personal and commercial property and casualty insurance and reinsurance globally. The shares will be listed on the New York Stock Exchange. The transaction closed on November 24, 2015.
The Cravath team included partners Andrew J. Pitts and D. Scott Bennett, senior attorney G. Douglas Johnson and associate Derrick M. Davis. Max A. Greenwald also worked on this matter.
Deals & Cases
April 17, 2025
Cravath represented the underwriters in connection with the $1.73 billion registered common stock offering of LPL Financial Holdings Inc. (“LPL”), a holding company which, through its securities brokerage, offers investment advisory services and insurance brokerage services. Cravath also represented the underwriters in connection with LPL’s concurrent $1.5 billion senior notes offering. Proceeds of the offerings will be used to partially finance LPL’s acquisition of Commonwealth Financial Network. The transactions closed on April 2, 2025, and April 3, 2025, respectively.
Deals & Cases
December 05, 2024
Cravath represented Booking Holdings Inc. in connection with its €1.8 billion registered senior notes offering. Booking Holdings Inc. is a leading provider of online travel and travel‑related reservation and search services. The transaction closed on November 21, 2024.
Deals & Cases
March 15, 2024
Cravath represented Booking Holdings Inc. in connection with its €2.75 billion registered senior notes offering. Booking Holdings Inc. is a leading provider of online travel and travel‑related reservation and search services. The transaction closed on March 1, 2024.
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