RJS Power Holdings LLC’s $1.25 Billion High‑Yield Senior Debt Offering & $150 Million Revolver
July 10, 2014
Cravath represented the initial purchasers, led by J.P. Morgan Securities, Citigroup, Goldman, Sachs & Co. and Morgan Stanley, in connection with the US$1.25 billion 144A/Reg. S high‑yield senior debt offering of RJS Power Holdings LLC, an independent power producer operating in the United States that sells electric energy, generating capacity and ancillary services on a wholesale basis. Cravath also represented J.P. Morgan Securities as sole lead arranger of the US$150 million senior secured revolving credit facility for RJS Power Holdings LLC. The transactions closed on July 10, 2014.
The Cravath team included associates Katerina M. Novak, Laura E. Hansell and David J. Kohtz on securities matters; partner George E. Zobitz, senior attorney Christopher J. Kelly and associate Michael L. Arnold on banking matters; partner Christopher K. Fargo and associate William B. Abbot on tax matters; partner Eric W. Hilfers and associate Amy C. Benford on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Summer associates Devon Klein and Noah X. DeBlasi also worked on securities and banking matters, respectively.
Related Practices & Industries
People
-
J.D., 1995, New York University School of Lawwith Honors, cum laude
-
B.A., 1991, Franklin & Marshall College
- New York
Education
Admitted In
- Photo
-
-
J.D., 1999, Harvard Law School
-
B.A., 1996, Columbia UniversityPhi Beta Kappa, summa cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
-
B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, University of Chicago Law Schoolwith Honors
-
A.B., 1995, Princeton University
- New York
Education
Admitted In
- Photo
-
-
J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
-
M.S., 1994, University of Pennsylvania
-
B.A., 1990, University of Pennsylvania
-
B.A.S., 1990, University of Pennsylvania
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
May 19, 2025
Celulosa Arauco y Constitución S.A.’s Sustainable Notes Offering
Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S sustainable notes offering of Celulosa Arauco y Constitución S.A., one of Latin America's largest forest plantation owners and one of the world's largest producers of pulp and wood products. The transaction closed on May 5, 2025.
Deals & Cases
March 31, 2025
Alumina Pty Limited’s $1 Billion High‑Yield Senior Notes Offering and Alcoa Nederland Holding B.V.’s Concurrent $1 Billion Cash Tender Offers
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg S. high‑yield senior notes offering of Alumina Pty Ltd, a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. Cravath also represented the dealer managers in connection with the concurrent cash tender offers for notes of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, with an aggregate principal amount of up to $1 billion. The transactions closed on March 17, 2025.
Deals & Cases
March 21, 2025
First Horizon Corporation’s Fixed Rate/Floating Rate Senior Notes Offering
Cravath represented the underwriters in connection with the $500 million fixed rate/floating rate senior notes offering of First Horizon Corporation, a holding company for First Horizon Bank that provides various financial services. The transaction closed on March 7, 2025.
Deals & Cases
March 14, 2025
Credit Acceptance Corporation’s High‑Yield Senior Notes Offering
Cravath represented the initial purchasers in connection with the $500 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. The transaction closed on February 28, 2025.
