Cravath’s London Office Moves to 100 Cheapside
Cravath represented the underwriters, led by Citigroup and Credit Suisse, in connection with the US$629 million initial public offering of class A common stock of Taylor Morrison Home Corporation, one of the largest public homebuilders in North America at the time of the offering. Taylor Morrison Home Corporation is a portfolio company of a consortium of private equity sponsors including TPG Capital, Oaktree Capital Management, L.P. and JH Investments. The shares were listed on the New York Stock Exchange. The transaction closed on April 12, 2013.
The Cravath team included partners William J. Whelan III and Joseph D. Zavaglia and associate Bomi Lee on corporate matters; partner Andrew W. Needham and associate Joanne J. Lee on tax matters; and partner Matthew Morreale on environmental matters. Benjamin D. Landry and Jason A. Sacks also worked on corporate and tax matters, respectively.
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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