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
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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