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
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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