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News & Insights

Grifols, S.A.’s €1 Billion Private Placement of Senior Secured Notes

May 14, 2024

Cravath represented the placement agent in connection with the €1 billion private placement of senior secured notes of Grifols, S.A., a global healthcare company leading in essential plasma‑derived medicines and transfusion medicine. The transaction closed on April 30, 2024.

The Cravath team included partner Philip J. Boeckman and associates Jarrod L. Hall and Solomon A. Akesseh on capital markets matters, and partner Arvind Ravichandran and associate Eduardo D. Jacobo on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • London
  • Healthcare and Life Sciences

People

Photo
Name
Philip J. Boeckman
Title
Corporate
Title
Partner
Email
pboeckman@cravath.com
Phone
+44-20-7453-1020
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    Education

    • J.D., 1991, University of Missouri Columbia School of Law
      Order of the Coif, magna cum laude
    • B.A., 1988, Westminster College
      cum laude

    Admitted In

    • New York
    Photo
    Name
    Arvind Ravichandran
    Title
    Tax
    Title
    Partner
    Email
    aravichandran@cravath.com
    Phone
    +1-212-474-1033
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      Education

      • J.D., 2012, Columbia Law School
      • B.A., 2009, Columbia College

      Admitted In

      • New York

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      Ripple Labs, Inc.’s Private Placement of Class A Common Stock

      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.

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      Danaos Corporation’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 Danaos Corporation, a global shipping company that operates one of the world's largest fleets of containerships. The transaction closed on October 17, 2025.

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      Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

      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.

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      Royal Caribbean Cruises Ltd.’s $1.5 Billion Registered Senior Notes Offering

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