Cravath’s London Office Moves to 100 Cheapside
Cravath represented Musketeer GmbH and its subsidiaries, Kabel BW Erste Beteiligungs GmbH and Kabel Baden-Wuerttemberg GmbH & Co. KG, in connection with their €800 million, US$500 million and €420 million 144A/Reg. S high-yield senior secured debt offering and €680 million 144A/Reg. S high-yield senior debt offering. The Kabel BW Group is the third largest cable operator in Germany. Pending regulatory approval, UPC Germany HoldCo 2 GmbH will acquire all outstanding capital stock of Musketeer GmbH. The transaction closed on March 31, 2011.
The Cravath team included partner Philip J. Boeckman.
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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