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News & Insights

TenneT Holding B.V.’s Consent Solicitation for €16.2 Billion Senior EMTN Notes

June 13, 2025

Cravath represented TenneT Holding B.V., as U.S. counsel, in connection with its consent solicitation for €16.2 billion senior EMTN notes. TenneT Holding B.V. is the top holding company of the TenneT Group, a leading European grid operator and transmission system operator for the Netherlands and a large part of Germany. The transaction expired on May 13, 2025.

The Cravath team included partner Philip J. Boeckman, European counsel Marc Bode and associate Maximilian T. Zobel on capital markets matters, and partner Arvind Ravichandran and associate Josh Banafsheha on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • London

People

Photo
Name
Philip J. Boeckman
Title
Corporate
Title
Partner
Email
pboeckman@cravath.com
Phone
+44-20-7453-1020
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    Education

    • J.D., 1991, University of Missouri Columbia School of Law
      Order of the Coif, magna cum laude
    • B.A., 1988, Westminster College
      cum laude

    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
      Photo
      Name
      Marc Bode
      Title
      Corporate
      Title
      European Counsel
      Email
      mbode@cravath.com
      Phone
      +44-20-7453-1022
      vCard
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        Education

        • J.D., 2017, Duke Law School
        • B.A., 2006, University of St. Gallen

        Admitted In

        • New York

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        Danaos Corporation’s High‑Yield Senior Notes Offering

        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.

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        October 27, 2025

        Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

        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.

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        October 15, 2025

        Royal Caribbean Cruises Ltd.’s $1.5 Billion Registered Senior Notes Offering

        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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        September 25, 2025

        Webster Financial Corporation’s Fixed Rate Reset Subordinated Notes Offering

        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.

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