Cravath’s London Office Moves to 100 Cheapside
February 20, 2015
Cravath represented Picard Groupe S.A.S. and Picard Bondco S.A. in connection with their €770 million 144A/Reg. S high‑yield senior secured and senior debt offering. Picard Groupe S.A.S. and Picard Bondco S.A. are holding companies of Picard Surgelés, a leading retailer of frozen food products in France, and a portfolio company of private equity sponsor Lion Capital LLP. The notes are expected to be listed on the Irish Stock Exchange. The transaction closed on February 20, 2015.
The Cravath team included partner Alyssa K. Caples and associates Margaret R. Markman and Melissa Erdogdu on corporate matters and partner Christopher K. Fargo and associate Debra M. Aboodi on tax matters.
Deals & Cases
November 18, 2025
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
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
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.
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