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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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        Cravath represented the initial purchasers in connection with the $1.4 billion and €850 million Rule 144A/Reg. S high yield senior secured notes offering of Albion Financing 1 S.à r.l and Aggreko Holdings Inc., subsidiaries of Albion Holdco Limited (“Aggreko”), for the purpose of repaying all of Aggreko’s outstanding senior secured notes and senior notes, paying a dividend and repaying certain preference shares. The offering closed on May 21, 2025.

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