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Cravath Publishes Winter 2026 Issue of Alumni Journal

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Douglas
Dolan

Partner, Corporate

ddolan@cravath.com
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Doug Dolan focuses his practice on representing corporate issuers and investment banking firms in capital markets transactions, including initial public offerings, other equity financings and investment grade and high‑yield bond offerings. He also has significant experience representing clients in mergers and acquisitions, syndicated loan and direct lending transactions, public disclosure and general corporate matters.

Mr. Dolan’s corporate clients have included AerCap, Atlas Air, Biogen, Cable One, Canadian National Railway, Cincinnati Bell, Cox Communications, CyrusOne, Element Fleet Management, Enerflex, Forward Air, GuideWell, IBM, Johnson & Johnson, Kenvue, Minerals Technologies, Mylan, Occidental Petroleum, Rogers Communications and US Foods.

Notable work highlights include:

  • IPOs for GrafTech International, Pactiv Evergreen and Reynolds Consumer Products, and other equity offerings for AerCap, Cable One, Credit Suisse, CyrusOne, Digital Turbine, GrafTech International, HMH, Kenvue, Mylan, Sabra Health Care REIT, Stewart and US Foods
  • Investment grade debt offerings for AerCap, Allergan, Analog Devices, Canadian National Railway, Celulosa Arauco y Constitución, Cox Communications, Credit Suisse, DowDuPont, Element Fleet Management, Enterprise Holdings, HP, Kenvue, Mars, Marvell Technology, Mylan, Occidental Petroleum, Rogers Communications, Royal Caribbean Cruises, Symetra, TPG and United Rentals
  • High‑yield debt offerings for Acushnet, Algonquin Power & Utilities, Axalta, Beacon Roofing Supply, Belron, Cable One, Cleveland‑Cliffs, Community Health Systems, CyrusOne, Enerflex, Entegris, Forward Air, goeasy, Goodyear, Graham Packaging, Hess Midstream, J.B. Poindexter, JPW Industries, Mattamy, Minerals Technologies, Murphy Oil USA, Neiman Marcus, Pactiv Evergreen, SAIC, Taylor Morrison, TransDigm, US Foods, Xerox and Zayo Group
  • Representing AerCap in its $30 billion acquisition of GE Capital Aviation Services
  • Representing the initial purchasers in the $26 billion notes offering of Mars in connection with its acquisition of Kellanova—one of the largest investment grade offerings in history
  • Representing Rogers Communications in its concurrent offerings of $7.05 billion and C$4.25 billion of senior notes—one of the largest debt offerings in Canadian history—in connection with its acquisition of Shaw Communications, and its C$7 billion equity investment from Blackstone
  • Representing Occidental Petroleum in its $5 billion registered senior notes offering in connection with its acquisition of CrownRock
  • Representing Kenvue and Johnson & Johnson in the $3.64 billion secondary offering and debt‑for‑equity exchange of Kenvue common stock held by Johnson & Johnson—the largest‑ever single debt-for-equity transaction
  • Representing the initial purchasers in the €850 million and $1.1 billion debut high‑yield senior secured notes offering of Belron to finance the largest dividend recapitalization of all time

Mr. Dolan has been recognized by Chambers USA, The Legal 500 US and IFLR1000 for his work in capital markets and has been named to the Lawdragon 500 X – The Next Generation list. Mr. Dolan was selected to serve as a member of Law360’s Capital Markets Editorial Advisory Board in 2025.

Mr. Dolan is from Penn Valley, California. He received a B.A. from Cornell University in 2011 and a J.D. magna cum laude from New York University School of Law in 2014.

Mr. Dolan joined Cravath in 2014 and was elected a partner in 2021.

Notable work highlights include:

  • IPOs for GrafTech International, Pactiv Evergreen and Reynolds Consumer Products, and other equity offerings for AerCap, Cable One, Credit Suisse, CyrusOne, Digital Turbine, GrafTech International, HMH, Kenvue, Mylan, Sabra Health Care REIT, Stewart and US Foods
  • Investment grade debt offerings for AerCap, Allergan, Analog Devices, Canadian National Railway, Celulosa Arauco y Constitución, Cox Communications, Credit Suisse, DowDuPont, Element Fleet Management, Enterprise Holdings, HP, Kenvue, Mars, Marvell Technology, Mylan, Occidental Petroleum, Rogers Communications, Royal Caribbean Cruises, Symetra, TPG and United Rentals
  • High‑yield debt offerings for Acushnet, Algonquin Power & Utilities, Axalta, Beacon Roofing Supply, Belron, Cable One, Cleveland‑Cliffs, Community Health Systems, CyrusOne, Enerflex, Entegris, Forward Air, goeasy, Goodyear, Graham Packaging, Hess Midstream, J.B. Poindexter, JPW Industries, Mattamy, Minerals Technologies, Murphy Oil USA, Neiman Marcus, Pactiv Evergreen, SAIC, Taylor Morrison, TransDigm, US Foods, Xerox and Zayo Group
  • Representing AerCap in its $30 billion acquisition of GE Capital Aviation Services
  • Representing the initial purchasers in the $26 billion notes offering of Mars in connection with its acquisition of Kellanova—one of the largest investment grade offerings in history
  • Representing Rogers Communications in its concurrent offerings of $7.05 billion and C$4.25 billion of senior notes—one of the largest debt offerings in Canadian history—in connection with its acquisition of Shaw Communications, and its C$7 billion equity investment from Blackstone
  • Representing Occidental Petroleum in its $5 billion registered senior notes offering in connection with its acquisition of CrownRock
  • Representing Kenvue and Johnson & Johnson in the $3.64 billion secondary offering and debt‑for‑equity exchange of Kenvue common stock held by Johnson & Johnson—the largest‑ever single debt-for-equity transaction
  • Representing the initial purchasers in the €850 million and $1.1 billion debut high‑yield senior secured notes offering of Belron to finance the largest dividend recapitalization of all time

Mr. Dolan has been recognized by Chambers USA, The Legal 500 US and IFLR1000 for his work in capital markets and has been named to the Lawdragon 500 X – The Next Generation list. Mr. Dolan was selected to serve as a member of Law360’s Capital Markets Editorial Advisory Board in 2025.

Mr. Dolan is from Penn Valley, California. He received a B.A. from Cornell University in 2011 and a J.D. magna cum laude from New York University School of Law in 2014.

Mr. Dolan joined Cravath in 2014 and was elected a partner in 2021.

Education

  • J.D., 2014, New York University School of Law
    magna cum laude
  • B.A., 2011, Cornell University

Admitted In

  • New York

Organizations

Law360

  • Member, Editorial Advisory Board – Capital Markets, 2025

Rankings

Chambers USA

  • Capital Markets: Debt & Equity - Nationwide (2026, 2021)

IFLR1000

  • Capital Markets - US (2025, 2024)

Lawdragon

  • 500 Leading Dealmakers in America (2025)
  • 500 X – The Next Generation (2026-2023)

The Legal 500 US

  • Capital Markets: Debt Offerings (2026, 2025, 2023)
  • Capital Markets: Equity Offerings (2025, 2023)
  • Capital Markets: Global Offerings (2026, 2025)
  • Capital Markets: High-Yield Debt Offerings (2026, 2025, 2024)

Deals & Cases

June 10, 2026

Element Fleet Management Corp.’s Senior Notes Offering

Cravath represented Element Fleet Management Corp. in connection with its $500 million 144A/Reg. S senior notes offering. Element Fleet Management Corp. is the largest publicly traded pure‑play automotive fleet manager in the world. The transaction closed on May 29, 2026.

Deals & Cases

June 10, 2026

Murphy Oil USA, Inc.’s High‑Yield Senior Notes Offering

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Murphy Oil USA, Inc., a wholly owned subsidiary of Murphy USA Inc. Murphy USA is an operator of fuel retail stores and gas stations in the United States. The transaction closed on May 27, 2026.

Deals & Cases

May 19, 2026

Canadian National Railway Company’s Registered Notes Offering

Cravath represented the underwriters in connection with the $750 million registered notes offering of Canadian National Railway Company. Canadian National Railway Company engages in the rail and related transportation business. The transaction closed on May 12, 2026.

Deals & Cases

April 28, 2026

ERAC USA Finance LLC’s $3 Billion Notes Offering

Cravath represented the initial purchasers in connection with the $3 billion 144A/Reg. S notes offering of ERAC USA Finance LLC, guaranteed by Enterprise Holdings, Inc., a leading global mobility solutions provider operating under the Enterprise Mobility corporate brand. The transaction closed on April 14, 2026.

Deals & Cases

April 06, 2026

Rogers Communications Inc’s Registered Fixed‑to‑Fixed Rate Subordinated Notes Offering

Cravath represented Rogers Communications Inc. in connection with its $750 million registered fixed‑to‑fixed rate subordinated notes offering. Rogers Communications is Canada's leading communications, sports and entertainment company. The transaction closed on March 27, 2026.

Publications

March 11, 2026

FPI Section 16(a) Reporting Update: Final Rules, Conditional Exemptive Relief Order and Frequently Asked Questions

On March 11, 2026, Cravath prepared a memo for its clients entitled “FPI Section 16(a) Reporting Update: Final Rules, Conditional Exemptive Relief Order and Frequently Asked Questions.” The memo examines the U.S. Securities and Exchange Commission’s adoption of final rule and form amendments and issuance of a conditional exemptive relief order, as well as the Frequently Asked Questions posted by staff of the Division of Corporation Finance of the SEC, ahead of the March 18, 2026, deadline for compliance with the Holding Foreign Insiders Accountable Act.

Activities

March 20, 2025

Law360 Selects Six Cravath Partners for 2025 Editorial Advisory Boards

Six Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking) and Adam M. Sanchez (Private Equity). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.

Publications

March 01, 2023

Matt Kelly and Doug Dolan Author Chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide

Cravath partners Matthew M. Kelly and Douglas Dolan authored the United States chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide, which was published in February 2023. The chapter provides a market overview and examines methods of acquisition, finance structure and procedures and other key issues relating to acquisition financing.

Doug Dolan focuses his practice on representing corporate issuers and investment banking firms in capital markets transactions, including initial public offerings, other equity financings and investment grade and high‑yield bond offerings. He also has significant experience representing clients in mergers and acquisitions, syndicated loan and direct lending transactions, public disclosure and general corporate matters.

Mr. Dolan’s corporate clients have included AerCap, Atlas Air, Biogen, Cable One, Canadian National Railway, Cincinnati Bell, Cox Communications, CyrusOne, Element Fleet Management, Enerflex, Forward Air, GuideWell, IBM, Johnson & Johnson, Kenvue, Minerals Technologies, Mylan, Occidental Petroleum, Rogers Communications and US Foods.

Notable work highlights include:

  • IPOs for GrafTech International, Pactiv Evergreen and Reynolds Consumer Products, and other equity offerings for AerCap, Cable One, Credit Suisse, CyrusOne, Digital Turbine, GrafTech International, HMH, Kenvue, Mylan, Sabra Health Care REIT, Stewart and US Foods
  • Investment grade debt offerings for AerCap, Allergan, Analog Devices, Canadian National Railway, Celulosa Arauco y Constitución, Cox Communications, Credit Suisse, DowDuPont, Element Fleet Management, Enterprise Holdings, HP, Kenvue, Mars, Marvell Technology, Mylan, Occidental Petroleum, Rogers Communications, Royal Caribbean Cruises, Symetra, TPG and United Rentals
  • High‑yield debt offerings for Acushnet, Algonquin Power & Utilities, Axalta, Beacon Roofing Supply, Belron, Cable One, Cleveland‑Cliffs, Community Health Systems, CyrusOne, Enerflex, Entegris, Forward Air, goeasy, Goodyear, Graham Packaging, Hess Midstream, J.B. Poindexter, JPW Industries, Mattamy, Minerals Technologies, Murphy Oil USA, Neiman Marcus, Pactiv Evergreen, SAIC, Taylor Morrison, TransDigm, US Foods, Xerox and Zayo Group
  • Representing AerCap in its $30 billion acquisition of GE Capital Aviation Services
  • Representing the initial purchasers in the $26 billion notes offering of Mars in connection with its acquisition of Kellanova—one of the largest investment grade offerings in history
  • Representing Rogers Communications in its concurrent offerings of $7.05 billion and C$4.25 billion of senior notes—one of the largest debt offerings in Canadian history—in connection with its acquisition of Shaw Communications, and its C$7 billion equity investment from Blackstone
  • Representing Occidental Petroleum in its $5 billion registered senior notes offering in connection with its acquisition of CrownRock
  • Representing Kenvue and Johnson & Johnson in the $3.64 billion secondary offering and debt‑for‑equity exchange of Kenvue common stock held by Johnson & Johnson—the largest‑ever single debt-for-equity transaction
  • Representing the initial purchasers in the €850 million and $1.1 billion debut high‑yield senior secured notes offering of Belron to finance the largest dividend recapitalization of all time

Mr. Dolan has been recognized by Chambers USA, The Legal 500 US and IFLR1000 for his work in capital markets and has been named to the Lawdragon 500 X – The Next Generation list. Mr. Dolan was selected to serve as a member of Law360’s Capital Markets Editorial Advisory Board in 2025.

Mr. Dolan is from Penn Valley, California. He received a B.A. from Cornell University in 2011 and a J.D. magna cum laude from New York University School of Law in 2014.

Mr. Dolan joined Cravath in 2014 and was elected a partner in 2021.

Notable work highlights include:

  • IPOs for GrafTech International, Pactiv Evergreen and Reynolds Consumer Products, and other equity offerings for AerCap, Cable One, Credit Suisse, CyrusOne, Digital Turbine, GrafTech International, HMH, Kenvue, Mylan, Sabra Health Care REIT, Stewart and US Foods
  • Investment grade debt offerings for AerCap, Allergan, Analog Devices, Canadian National Railway, Celulosa Arauco y Constitución, Cox Communications, Credit Suisse, DowDuPont, Element Fleet Management, Enterprise Holdings, HP, Kenvue, Mars, Marvell Technology, Mylan, Occidental Petroleum, Rogers Communications, Royal Caribbean Cruises, Symetra, TPG and United Rentals
  • High‑yield debt offerings for Acushnet, Algonquin Power & Utilities, Axalta, Beacon Roofing Supply, Belron, Cable One, Cleveland‑Cliffs, Community Health Systems, CyrusOne, Enerflex, Entegris, Forward Air, goeasy, Goodyear, Graham Packaging, Hess Midstream, J.B. Poindexter, JPW Industries, Mattamy, Minerals Technologies, Murphy Oil USA, Neiman Marcus, Pactiv Evergreen, SAIC, Taylor Morrison, TransDigm, US Foods, Xerox and Zayo Group
  • Representing AerCap in its $30 billion acquisition of GE Capital Aviation Services
  • Representing the initial purchasers in the $26 billion notes offering of Mars in connection with its acquisition of Kellanova—one of the largest investment grade offerings in history
  • Representing Rogers Communications in its concurrent offerings of $7.05 billion and C$4.25 billion of senior notes—one of the largest debt offerings in Canadian history—in connection with its acquisition of Shaw Communications, and its C$7 billion equity investment from Blackstone
  • Representing Occidental Petroleum in its $5 billion registered senior notes offering in connection with its acquisition of CrownRock
  • Representing Kenvue and Johnson & Johnson in the $3.64 billion secondary offering and debt‑for‑equity exchange of Kenvue common stock held by Johnson & Johnson—the largest‑ever single debt-for-equity transaction
  • Representing the initial purchasers in the €850 million and $1.1 billion debut high‑yield senior secured notes offering of Belron to finance the largest dividend recapitalization of all time

Mr. Dolan has been recognized by Chambers USA, The Legal 500 US and IFLR1000 for his work in capital markets and has been named to the Lawdragon 500 X – The Next Generation list. Mr. Dolan was selected to serve as a member of Law360’s Capital Markets Editorial Advisory Board in 2025.

Mr. Dolan is from Penn Valley, California. He received a B.A. from Cornell University in 2011 and a J.D. magna cum laude from New York University School of Law in 2014.

Mr. Dolan joined Cravath in 2014 and was elected a partner in 2021.

Education

  • J.D., 2014, New York University School of Law
    magna cum laude
  • B.A., 2011, Cornell University

Admitted In

  • New York

Organizations

Law360

  • Member, Editorial Advisory Board – Capital Markets, 2025

Rankings

Chambers USA

  • Capital Markets: Debt & Equity - Nationwide (2026, 2021)

IFLR1000

  • Capital Markets - US (2025, 2024)

Lawdragon

  • 500 Leading Dealmakers in America (2025)
  • 500 X – The Next Generation (2026-2023)

The Legal 500 US

  • Capital Markets: Debt Offerings (2026, 2025, 2023)
  • Capital Markets: Equity Offerings (2025, 2023)
  • Capital Markets: Global Offerings (2026, 2025)
  • Capital Markets: High-Yield Debt Offerings (2026, 2025, 2024)

Deals & Cases

June 10, 2026

Element Fleet Management Corp.’s Senior Notes Offering

Cravath represented Element Fleet Management Corp. in connection with its $500 million 144A/Reg. S senior notes offering. Element Fleet Management Corp. is the largest publicly traded pure‑play automotive fleet manager in the world. The transaction closed on May 29, 2026.

Deals & Cases

June 10, 2026

Murphy Oil USA, Inc.’s High‑Yield Senior Notes Offering

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Murphy Oil USA, Inc., a wholly owned subsidiary of Murphy USA Inc. Murphy USA is an operator of fuel retail stores and gas stations in the United States. The transaction closed on May 27, 2026.

Deals & Cases

May 19, 2026

Canadian National Railway Company’s Registered Notes Offering

Cravath represented the underwriters in connection with the $750 million registered notes offering of Canadian National Railway Company. Canadian National Railway Company engages in the rail and related transportation business. The transaction closed on May 12, 2026.

Deals & Cases

April 28, 2026

ERAC USA Finance LLC’s $3 Billion Notes Offering

Cravath represented the initial purchasers in connection with the $3 billion 144A/Reg. S notes offering of ERAC USA Finance LLC, guaranteed by Enterprise Holdings, Inc., a leading global mobility solutions provider operating under the Enterprise Mobility corporate brand. The transaction closed on April 14, 2026.

Deals & Cases

April 06, 2026

Rogers Communications Inc’s Registered Fixed‑to‑Fixed Rate Subordinated Notes Offering

Cravath represented Rogers Communications Inc. in connection with its $750 million registered fixed‑to‑fixed rate subordinated notes offering. Rogers Communications is Canada's leading communications, sports and entertainment company. The transaction closed on March 27, 2026.

Publications

March 11, 2026

FPI Section 16(a) Reporting Update: Final Rules, Conditional Exemptive Relief Order and Frequently Asked Questions

On March 11, 2026, Cravath prepared a memo for its clients entitled “FPI Section 16(a) Reporting Update: Final Rules, Conditional Exemptive Relief Order and Frequently Asked Questions.” The memo examines the U.S. Securities and Exchange Commission’s adoption of final rule and form amendments and issuance of a conditional exemptive relief order, as well as the Frequently Asked Questions posted by staff of the Division of Corporation Finance of the SEC, ahead of the March 18, 2026, deadline for compliance with the Holding Foreign Insiders Accountable Act.

Activities

March 20, 2025

Law360 Selects Six Cravath Partners for 2025 Editorial Advisory Boards

Six Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking) and Adam M. Sanchez (Private Equity). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.

Publications

March 01, 2023

Matt Kelly and Doug Dolan Author Chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide

Cravath partners Matthew M. Kelly and Douglas Dolan authored the United States chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide, which was published in February 2023. The chapter provides a market overview and examines methods of acquisition, finance structure and procedures and other key issues relating to acquisition financing.

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