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News & Insights

Graham Holdings Company’s Senior Notes Offering

December 16, 2025

Cravath represented Graham Holdings Company in connection with its $500 million 144A/Reg. S senior notes offering. Graham Holdings Company is a diversified holding company whose operations include educational services, television broadcasting, manufacturing, healthcare, automotive dealerships and other businesses. The transaction closed on November 24, 2025.

The Cravath team included partner Nicholas A. Dorsey and associates Danielle N. Walling, Cierra Coury and E. Liza Park on capital markets matters and associate Jonathan Minion on tax matters. Yang Shao also worked on capital markets matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Media and Entertainment

People

Photo
Name
Nicholas A. Dorsey
Title
Corporate
Title
Partner
Email
ndorsey@cravath.com
Phone
+1-212-474-1764
vCard
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    Education

    • J.D., 2009, Cornell Law School
      Order of the Coif, summa cum laude
    • M.Acc., 2006, Case Western Reserve University
      summa cum laude
    • B.S., 2006, Case Western Reserve University
      summa cum laude

    Admitted In

    • New York

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    Stewart Information Services Corporation’s Primary Common Stock Offering

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    Acushnet Company’s High‑Yield Senior Notes Offering

    Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Acushnet Company, a wholly‑owned subsidiary of Acushnet Holdings Corp., a global leader in the design, development, manufacture and distribution of performance‑driven golf products. The transaction closed on November 24, 2025.

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    Smurfit Westrock’s Registered Senior Notes Offerings

    Cravath represented the underwriters in connection with the $800 million registered senior notes offering of Smurfit Westrock Financing DAC and the €500 million registered senior notes offering of Smurfit Kappa Treasury Unlimited Company, each a wholly owned subsidiary of Smurfit Westrock plc, one of the world's largest integrated manufacturers of paper‑based packaging products. The notes are expected to be listed on Euronext Dublin. The transactions closed on November 21, 2025, and November 24, 2025, respectively.

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    Enerflex Inc.’s High‑Yield Senior Notes Offering

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