The Prospect News High Yield Daily Ranks Cravath Among Top Counsel to Issuers and Underwriters of High‑Yield Bonds

On January 4, 2013, Cravath was ranked second among the top ten counsel to underwriters of high‑yield bonds in 2012 by The Prospect News High Yield Daily. The rankings are based on high‑yield bond deals offered in the United States by registration with the Securities and Exchange Commission or under Rule 144A. The Firm was also ranked among the top ten counsel to issuers of high‑yield bonds.