UTi Worldwide Inc.’s $400 Million 4.50% Convertible Senior Notes Offering Due 2019 and Concurrent Private Placement of 7.00% Convertible Preference Shares
March 04, 2014
Cravath represented UTi Worldwide Inc. in connection with its US$400 million Rule 144A offering of 4.50% Convertible Senior Notes Due 2019 and concurrent US$175 million private placement of 7.00% Convertible Preference Shares to UTi’s largest shareholder, P2 Capital Partners LLC. UTi Worldwide Inc. is an international, non‑asset‑based supply chain services and solutions company that provides services through a global network of freight forwarding offices and contract logistics and distribution centers. The transaction closed on March 4, 2014.
The Cravath team included associates Juliana Lacreta Gobbi, Michael K. Hyun and Andrew B. Langworthy on corporate matters and partner Michael L. Schler and associate Stephen R. Severo on tax matters.
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LL.M., 1979, New York University
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J.D., 1973, Yale Law School
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B.A., 1970, Harvard Universitymagna cum laude
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