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News & Insights

New Senior Investment Group Inc.’s Registered Common Stock Offering

June 29, 2015

Cravath represented the underwriters, led by BofA Merrill Lynch, Citigroup and Morgan Stanley, in connection with the US$276.6 million registered common stock offering of New Senior Investment Group Inc., a publicly traded REIT and one of the largest owners of senior housing in the United States. The shares were listed on the New York Stock Exchange. The transaction closed on June 29, 2015.

The Cravath team included partner Stephen L. Burns and associates Mark Mushkin abd Matthew L. Ploszek on corporate matters; partners Andrew W. Needham and Christopher K. Fargo and associate Ashley N. Elnicki on tax matters; partner Eric W. Hilfers and associates Amy C. Benford on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Summer associate Zachary J. Savrick also worked on corporate matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Executive Compensation and Benefits
  • Environmental
  • Real Estate and Hospitality

People

Photo
Name
Christopher K. Fargo
Title
Tax
Title
Partner
Email
cfargo@cravath.com
Phone
+1-212-474-1236
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    Education

    • J.D., 2006, Columbia Law School
      Harlan Fiske Stone; Michael Lynne Scholar
    • B.A., 2003, Boston College
      Honors Program, cum laude

    Admitted In

    • New York
    Photo
    Name
    Eric W. Hilfers
    Title
    Executive Compensation and Benefits
    Title
    Partner
    Email
    ehilfers@cravath.com
    Phone
    +1-212-474-1352
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      Education

      • J.D., 1998, University of Chicago Law School
        with Honors
      • A.B., 1995, Princeton University

      Admitted In

      • New York
      Photo
      Name
      Matthew Morreale
      Title
      Corporate
      Title
      Partner
      Email
      mmorreale@cravath.com
      Phone
      +1-212-474-1534
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        Education

        • J.D., 1997, Columbia Law School
          Harlan Fiske Stone Scholar
        • M.S., 1994, University of Pennsylvania
        • B.A., 1990, University of Pennsylvania
        • B.A.S., 1990, University of Pennsylvania

        Admitted In

        • New York
        Photo
        Name
        Stephen L. Burns
        Title
        Corporate
        Title
        Retired Partner
        Email
        sburns@cravath.com
        Phone
        +1-212-474-1146
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          Education

          • J.D., 1990, The University of Texas School of Law
            with Honors
          • B.B.A., 1987, University of Oklahoma
            with Distinction
          Photo
          Name
          Andrew W. Needham
          Title
          Tax
          Title
          Retired Partner
          Email
          aneedham@cravath.com
          Phone
          +1-212-474-1999
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            Education

            • M.B.A., 1992, The Wharton School of the University of Pennsylvania
            • LL.M., 1990, Georgetown University Law Center
            • J.D., 1986, Georgetown University Law Center
            • B.A., 1982, University of Arizona College of Law

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            Ripple Labs, Inc.’s Private Placement of Class A Common Stock

            Cravath represented funds managed by affiliates of Brevan Howard in connection with an investment in Ripple Labs, Inc., consisting of a private placement of Class A Common Stock, as part of Ripple’s $500 million strategic investment at a $40 billion valuation, led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The transaction closed on November 4, 2025.

            Deals & Cases

            October 31, 2025

            Danaos Corporation’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 Danaos Corporation, a global shipping company that operates one of the world's largest fleets of containerships. The transaction closed on October 17, 2025.

            Deals & Cases

            October 27, 2025

            Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

            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

            Royal Caribbean Cruises Ltd.’s $1.5 Billion Registered Senior Notes Offering

            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.

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