Heidelberger Druckmaschinen Aktiengesellschaft’s High‑Yield Senior Debt Offering

Cravath represented the initial purchasers, led by Deutsche Bank, BNP Paribas, Commerzbank and Landesbank Baden‑Württemberg, in connection with the €51 million 144A/Reg. S high‑yield senior debt offering of Heidelberger Druckmaschinen Aktiengesellschaft, the world’s largest manufacturer of sheet‑fed offset printing presses at the time of the offering. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on December 17, 2013.

The Cravath team included partner Philip J. Boeckman and European Counsel Matthias G. Baudisch.