Cravath’s London Office Moves to 100 Cheapside
Cravath represented the sales agents, J.P. Morgan Securities and HSBC, in connection with the establishment of a secondary at‑the‑market program with respect to shares of common stock of Freeport‑McMoRan Inc. having an aggregate value of up to US$540 million. Freeport‑McMoRan is a premier U.S.‑based natural resources company with an industry‑leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. The shares were listed on the New York Stock Exchange. The program was established on May 16, 2016.
The Cravath team included partner William V. Fogg and associates Benjamin S. Persina and Tamara S. Smallman on securities matters and partner Christopher K. Fargo on tax matters. Alan Campbell also worked on securities matters and Lingfeng Li also worked on tax matters.
Deals & Cases
June 30, 2025
Cravath represented the initial purchasers in connection with the $650 million 144A/Reg. S high‑yield senior notes offering of Compass Minerals International, Inc., a leading provider of essential minerals. The transaction closed on June 16, 2025.
Deals & Cases
June 27, 2025
Cravath represented the underwriters in connection with the $400 million fixed‑rate reset subordinated notes offering of Fidelis Insurance Holdings Limited, a global specialty insurer that leverages strategic partnerships to offer innovative and tailored insurance solutions. The transaction closed on June 13, 2025.
Deals & Cases
June 23, 2025
Cravath represented Toll Brothers Finance Corp. in connection with its $500 million registered senior notes offering, fully guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is an indirect wholly owned subsidiary of Toll Brothers, Inc., which designs, builds, markets, sells and arranges financing for an array of luxury residential homes and communities. The transaction closed on June 10, 2025.
Deals & Cases
June 17, 2025
Cravath represented the underwriters in connection with the $683.6 million registered underwritten offering of Class A common stock of Galaxy Digital Inc., a global leader in digital assets and artificial intelligence infrastructure, delivering enduring solutions that accelerate the future digital economy. This was Galaxy Digital Inc.’s first underwritten public offering of its Class A common stock as a listed company on the Nasdaq Global Select Market. The transaction closed on June 3, 2025.
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