Cravath’s London Office Moves to 100 Cheapside
March 15, 2023
Cravath represented the underwriters in connection with the $750 million registered notes offering of Leidos Inc., guaranteed by Leidos Holdings, Inc., a technology, engineering and science company that provides services and solutions in the defense, intelligence, civil and health markets. Cravath also represented the dealer managers in connection with Leidos, Inc.’s concurrent $500 million cash tender offer. The transactions closed on February 28, 2023.
The Cravath team included partner D. Scott Bennett and associates Courtney T. Seager, Jessica E. Sandor and Patricia L. Menges on capital markets matters; partner Arvind Ravichandran on tax matters; and partner Matthew Morreale on environmental matters. William Tong also worked on capital markets matters, Gregg M. Rader also worked on tax matters, and Star S. Gulant also worked on environmental matters.
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.
Deals & Cases
September 25, 2025
Cravath represented the underwriters in connection with the $350 million fixed rate reset subordinated notes offering of Webster Financial Corporation, a bank holding company of Webster Bank, a commercial bank with a national bank charter focused on providing financial products and services to businesses, individuals and families. The transaction closed on September 11, 2025.
Deals & Cases
September 02, 2025
Cravath represented the initial purchasers in connection with the $2 billion 144A/Reg. S high-yield first lien notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities‑based technology and communications company that provides a broad array of integrated products and services. The transaction closed on August 18, 2025.
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