Leidos Inc.’s Registered Notes Offering and Concurrent Cash Tender Offer
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.
Related Practices & Industries
People
- Photo
-
-
J.D., 2006, Emory University School of Law
-
B.A., 2002, Duke University
- New York
Education
Admitted In
- Photo
-
-
J.D., 2012, Columbia Law School
-
B.A., 2009, Columbia College
- New York
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
September 02, 2025
Level 3 Financing, Inc.’s $2 Billion High‑Yield First Lien Notes Offering
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.
Deals & Cases
June 30, 2025
Compass Minerals International, Inc.’s High‑Yield Senior Notes Offering
Cravath represented the initial purchasers in connection with the $650 million 144A/Reg. S high‑yield senior notes offering of Compass Minerals International, Inc., a leading provider of essential minerals. The transaction closed on June 16, 2025.
Deals & Cases
June 27, 2025
Fidelis Insurance Holdings Limited’s Fixed‑Rate Reset Subordinated Notes Offering
Cravath represented the underwriters in connection with the $400 million fixed‑rate reset subordinated notes offering of Fidelis Insurance Holdings Limited, a global specialty insurer that leverages strategic partnerships to offer innovative and tailored insurance solutions. The transaction closed on June 13, 2025.
Deals & Cases
June 23, 2025
Toll Brothers’ Registered Senior Notes Offering
Cravath represented Toll Brothers Finance Corp. in connection with its $500 million registered senior notes offering, fully guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is an indirect wholly owned subsidiary of Toll Brothers, Inc., which designs, builds, markets, sells and arranges financing for an array of luxury residential homes and communities. The transaction closed on June 10, 2025.
