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News & Insights

The State of Israel’s $2 Billion Registered Green Notes Offering

February 01, 2023

Cravath represented the underwriters in connection with the $2 billion registered green notes offering of the State of Israel. The notes were listed on the Bourse de Luxembourg. The transaction closed on January 17, 2023.

The Cravath team included partner Craig F. Arcella and associate Jill C. Refvem on capital markets matters, and partner Arvind Ravichandran and associate Kyle R. Jorstad on tax matters. Samuel Dayan also worked on capital markets matters and Tristan Baylor also worked on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Financial Services and Insurance

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke 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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      Cravath represented funds managed by affiliates of Brevan Howard in connection with an investment in Ripple Labs, Inc., consisting of a private placement of Class A Common Stock, as part of Ripple’s $500 million strategic investment at a $40 billion valuation, led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The transaction closed on November 4, 2025.

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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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