Cravath’s London Office Moves to 100 Cheapside
August 30, 2021
Cravath represented the underwriters in connection with the $800 million 144A/Reg. S senior secured notes offering of First Student Bidco Inc. and First Transit Parent Inc. Proceeds of the offering were used to finance the acquisition of the North American First Student and First Transit businesses of FirstGroup plc, a passenger transportation service. The transaction closed on July 21, 2021.
The Cravath team included partners Craig F. Arcella and C. Daniel Haaren and associates David Li and Courtney T. Seager on capital markets matters, and associate David Crampton on executive compensation and benefits matters. Luke A. Martin also worked on capital markets matters and Alissa B. Fromkin also worked on tax matters.
Deals & Cases
November 18, 2025
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
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
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
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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