Cravath’s London Office Moves to 100 Cheapside
Cravath represented the underwriters, led by Citigroup, Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan Securities, HSBC, BofA Merrill Lynch and Wells Fargo Securities, in connection with the US$900 million registered high‑yield senior debt offering of The Goodyear Tire & Rubber Company, one of the world’s leading manufacturers of tires, engaging in operations in most regions of the world. The transaction closed on May 13, 2016.
The Cravath team included partner Stephen L. Burns, associate Jacob B. Ornstein and foreign associate attorney David J. G. Hay on securities matters and associate Dmitry Zelik on tax matters. Nicholas Kypriotakis also worked on securities 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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