Raytheon Company’s Registered Debt Offering

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S fixed‑to‑floating rate junior subordinated notes offering of Enstar Group Limited (“Enstar”), a leading global (re)insurance group that offers innovative capital release solutions and specialty underwriting capabilities. Cravath also represented the dealer managers in connection with Enstar’s concurrent $500 million cash tender offer for a series of Enstar’s outstanding debt securities. The transactions closed on July 1, 2026.

Cravath represented the initial purchasers in connection with the $3 billion 144A/Reg. S notes offering of ERAC USA Finance LLC, guaranteed by Enterprise Holdings, Inc., a leading global mobility solutions provider operating under the Enterprise Mobility corporate brand. The transaction closed on April 14, 2026.

Cravath represented the initial purchasers in connection with the $700 million 144A/Reg. S high‑yield senior notes offering of The Chemours Company a leading, global provider of performance chemicals. The transaction closed on March 12, 2026.

Cravath represented the underwriters in connection with the $600 million registered senior notes offering of Concentrix Corporation, a leading global provider of customer experience solutions and technology. The transaction closed on February 24, 2026.