Fiat Chrysler’s $3 Billion High‑Yield Senior Debt Offering

Cravath represented the initial purchasers, led by J.P. Morgan Securities and BofA Merrill Lynch, in connection with the US$3 billion 144A/Reg. S high‑yield senior debt offering of Fiat Chrysler Automobiles N.V., the seventh largest automaker in the world. The transaction closed on April 14, 2015.

The Cravath team was led by partner William V. Fogg and included associates Mark Mushkin, Arthur L. Lotz, Daniel R. Satin, Saarah Woodby, Peter J. Atlee, Jacob B. Ornstein, Jose A. Aleman and Chase A. M. Proctor on securities matters; associate Sara L. Lykken on tax matters; associates Audry X. Casusol and Amy C. Benford on executive compensation and benefits matters; and senior attorney Annmarie M. Terraciano on environmental matters. Nicoleta D. Lupea, Giorgio Ignazzi and Maria Rita Sobral also worked on securities matters and June Hwang also worked on tax matters.