Cravath’s London Office Moves to 100 Cheapside
Cravath represented the initial purchasers, led by J.P. Morgan Securities, in connection with the €350 million 144A/Reg. S high‑yield senior secured notes offering of Safari Verwaltungs GmbH (Löwen Play), one of the largest arcade operators in Germany. Proceeds of the offering will be used to finance the acquisition of the shares in APEP GmbH and Safari Holding GmbH and to make a shareholder distribution, among other purposes. Application was made to The International Stock Exchange Authority Limited for listing of and permission to deal in the notes on the Official List of The International Stock Exchange. The transaction closed on December 15, 2017.
The Cravath team included partner Philip J. Boeckman and associates Yannick Adler and Magdalena Biereder.
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.
Deals & Cases
June 30, 2025
Cravath represented the initial purchasers in connection with the $650 million 144A/Reg. S high‑yield senior notes offering of Compass Minerals International, Inc., a leading provider of essential minerals. The transaction closed on June 16, 2025.
Deals & Cases
June 27, 2025
Cravath represented the underwriters in connection with the $400 million fixed‑rate reset subordinated notes offering of Fidelis Insurance Holdings Limited, a global specialty insurer that leverages strategic partnerships to offer innovative and tailored insurance solutions. The transaction closed on June 13, 2025.
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