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Cravath Publishes Summer 2026 Issue of Alumni Journal

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News & Insights

Smurfit Westrock’s Registered Senior Notes Offerings

December 17, 2025

Cravath represented the underwriters in connection with the $800 million registered senior notes offering of Smurfit Westrock Financing DAC and the €500 million registered senior notes offering of Smurfit Kappa Treasury Unlimited Company, each a wholly owned subsidiary of Smurfit Westrock plc, one of the world's largest integrated manufacturers of paper‑based packaging products. The notes are expected to be listed on Euronext Dublin. The transactions closed on November 21, 2025, and November 24, 2025, respectively.

The Cravath team included partners Philip J. Boeckman and Margaret R. M. Rallings and associates Katherine R. Booth and Bianca Urbani on capital markets matters, and partner Arvind Ravichandran and associate Ruth Goldstein Schapiro on tax matters. Addway Bandyopadhyay also worked on capital markets matters and Yasmeen Shrestha worked on tax matters. 

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • London
  • Industrials and Chemicals

People

Photo
Name
Margaret R. M. Rallings
Title
Corporate
Title
Partner
Email
mrallings@cravath.com
Phone
+44-20-7453-1010
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    Education

    • J.D., 2010, Georgetown University Law Center
      Order of the Coif, magna cum laude
    • M.A., 2007, Stanford University
    • B.A., 2007, Stanford University

    Admitted In

    • New York
    Photo
    Name
    Arvind Ravichandran
    Title
    Tax
    Title
    Partner
    Email
    aravichandran@cravath.com
    Phone
    +1-212-474-1033
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      Education

      • J.D., 2012, Columbia Law School
      • B.A., 2009, Columbia College

      Admitted In

      • New York

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      Analog Devices, Inc.’s $3 Billion Senior Notes Offering

      Cravath represented the underwriters in connection with the $3 billion senior notes offering of Analog Devices, Inc., a world leader in the design, manufacture and marketing of a broad portfolio of solutions that leverage high‑performance analog, mixed‑signal and digital signal processing technology, including integrated circuits, algorithms, software and subsystems. The transaction closed on September 17, 2026.

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      October 01, 2026

      TR Finance LLC’s $1.3 Billion Registered Notes Offering

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      Burford Capital Global Finance LLC’s High‑Yield Senior Secured Notes Offering

      Cravath represented Burford Capital Global Finance LLC in connection with its $300 million 144A/Reg. S high‑yield senior secured notes offering to qualified purchasers. Burford Capital Global Finance is a subsidiary of Burford Capital Limited, the leading global finance and asset management firm focused on law. The transaction closed on September 17, 2026.

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      TORM plc’s Registered Offering of Common Shares

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      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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