Cravath’s London Office Moves to 100 Cheapside
December 22, 2020
Cravath represented the notes purchasers in connection with the €75 million private placement of high‑yield senior secured notes of Platin 1426. GmbH, a direct parent of Schenck Process Holding GmbH. Schenck Process is a leading global provider of equipment and mission‑critical solutions to diverse markets, including minerals and metals, construction and energy and food, chemicals and plastics. Platin 1426. GmbH is a portfolio company of The Blackstone Group L.P. The transaction closed on December 22, 2020.
The Cravath team included partner George A. Stephanakis, practice area attorney Roberto Bruno and associate Adrian K. Kilercioglu on capital markets matters, and partner Christopher K. Fargo and associate Duncan H. Hardell on tax matters. Maurice Temming also worked on capital markets matters and Joana W. Li also worked 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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