Ocean Rig UDW Inc.'s High‑Yield Senior Debt Offering
March 26, 2014
Cravath represented the initial purchasers, led by Credit Suisse and Deutsche Bank Securities, in connection with the US$500 million 144A/Reg. S high‑yield senior debt offering of Ocean Rig UDW Inc., a subsidiary of DryShips Inc. Ocean Rig UDW Inc. is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra‑deepwater and harsh‑environment segment of the offshore drilling industry. The transaction closed on March 26, 2014.
The Cravath team included partner Stephen L. Burns and associates Michael S. Darby and Gabriella Kleeman on corporate matters and associate Neetin Gulati on tax matters.
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J.D., 1990, The University of Texas School of Lawwith Honors
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B.B.A., 1987, University of Oklahomawith Distinction
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