Iliad Holding S.A.S.’s High‑Yield Senior Secured Notes Offerings and Concurrent Cash Tender Offer
June 11, 2024
Cravath represented the initial purchasers in connection with the €600 million and $750 million 144A/Reg. S high‑yield senior secured notes offering and the €150 million and $200 million 144A/Reg. S high‑yield additional senior secured notes offering of Iliad Holding S.A.S. (“Iliad”), a leading European telecommunications provider. The notes were listed on The International Stock Exchange. The transactions closed on May 14, 2024, and May 16, 2024, respectively.
Cravath also represented the dealer managers in connection with Iliad’s concurrent cash tender offer of €400 million and $500 million. Proceeds of the offering will be used to partially refinance Iliad’s existing notes through the tender offer and to finance the acquisition of Tele2 Sverige AB by Freya Investissement, an investment vehicle jointly owned by Iliad and NJJ Holding. The cash tender offer expired on May 28, 2024.
The Cravath team included partners Philip J. Boeckman and Philip Stopford and associates Katherine R. Booth, Luke A. Martin, Mayssa Khattar, Francesca Sebastiani and Belén Díaz‑Negrete on capital markets matters, and partner Matthew Morreale on environmental matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 1991, University of Missouri Columbia School of LawOrder of the Coif, magna cum laude
-
B.A., 1988, Westminster Collegecum laude
- New York
Education
Admitted In
- Photo
-
-
LPC, 2006, Oxford Institute of Legal Practicewith Distinction
-
PGDL, 2005, Oxford Brookes Universitywith Merit
-
B.A., 2004, University of Oxfordwith Honors
- England & Wales
Education
Admitted In
- Photo
-
-
J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
-
M.S., 1994, University of Pennsylvania
-
B.A., 1990, University of Pennsylvania
-
B.A.S., 1990, University of Pennsylvania
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
December 29, 2025
Stewart Information Services Corporation’s Primary Common Stock Offering
Cravath represented the underwriters in connection with the $148 million primary common stock offering of Stewart Information Services Corporation. Through its subsidiaries, Stewart Information Services Corporation provides title insurance and real estate transaction services. The transaction closed on December 12, 2025.
Deals & Cases
December 24, 2025
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.
Deals & Cases
December 17, 2025
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.
Deals & Cases
December 16, 2025
Graham Holdings Company’s Senior Notes Offering
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.
