Vantage Drilling International’s High‑Yield First Lien Secured Notes Offering
December 05, 2018
Cravath represented the initial purchasers, led by Credit Suisse, Clarksons Platou Securities AS and Pareto Securities AS, in connection with the $350 million 144A/Reg. S high‑yield first lien secured notes offering of Vantage Drilling International (“Vantage”), an international offshore drilling company. Proceeds of the offering will be used to repay all of Vantage’s obligations under, and to terminate, its existing first lien credit agreement, to redeem all of its outstanding second lien notes, to finance the remaining amounts due in connection with its acquisition of a jackup rig and for general corporate purposes. The transaction closed on November 30, 2018.
The Cravath team included partner Craig F. Arcella and associates Holden K. Sumner and Caleb B. Rosser. William M. Heisey also worked on this matter.
Related Practices & Industries
People
- Photo
-
-
J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.A., 1995, Duke University
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
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.
Deals & Cases
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.
Deals & Cases
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.
Deals & Cases
September 02, 2025
Level 3 Financing, Inc.’s $2 Billion High‑Yield First Lien Notes Offering
Cravath represented the initial purchasers in connection with the $2 billion 144A/Reg. S high-yield first lien notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities‑based technology and communications company that provides a broad array of integrated products and services. The transaction closed on August 18, 2025.
