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Douglas
Dolan

Partner, Corporate

ddolan@cravath.com
  • New York+1-212-474-1310
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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, Kenvue, Mylan, Sabra Health Care REIT 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 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, Minerals Technologies, 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 pending 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, Kenvue, Mylan, Sabra Health Care REIT 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 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, Minerals Technologies, 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 pending 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 (2021)

IFLR1000

  • Capital Markets - US (2025, 2024)

Lawdragon

  • 500 Leading Dealmakers in America (2025)
  • 500 X – The Next Generation (2025, 2024, 2023)

The Legal 500 US

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

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

AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust’s $1.2 Billion Registered Senior Notes Offering

Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.2 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the global leader in aircraft leasing. The notes were listed on the Irish Stock Exchange. The transaction closed on October 1, 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

October 06, 2025

Science Applications International Corporation’s $2.6 Billion of High-Yield Senior Notes and Credit Facilities

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high-yield senior notes offering of Science Applications International Corporation ("SAIC"), a leading provider of technical, engineering and enterprise information technology services primarily to the U.S. government. The transaction closed on September 25, 2025.

Deals & Cases

September 24, 2025

Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

Cravath represented the initial purchasers in connection with the $850 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 September 8, 2025.

Activities

March 20, 2025

Law360 Selects Seven Cravath Partners for 2025 Editorial Advisory Boards

Seven 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), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). 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, Kenvue, Mylan, Sabra Health Care REIT 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 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, Minerals Technologies, 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 pending 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, Kenvue, Mylan, Sabra Health Care REIT 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 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, Minerals Technologies, 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 pending 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 (2021)

IFLR1000

  • Capital Markets - US (2025, 2024)

Lawdragon

  • 500 Leading Dealmakers in America (2025)
  • 500 X – The Next Generation (2025, 2024, 2023)

The Legal 500 US

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

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

AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust’s $1.2 Billion Registered Senior Notes Offering

Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.2 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the global leader in aircraft leasing. The notes were listed on the Irish Stock Exchange. The transaction closed on October 1, 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

October 06, 2025

Science Applications International Corporation’s $2.6 Billion of High-Yield Senior Notes and Credit Facilities

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high-yield senior notes offering of Science Applications International Corporation ("SAIC"), a leading provider of technical, engineering and enterprise information technology services primarily to the U.S. government. The transaction closed on September 25, 2025.

Deals & Cases

September 24, 2025

Cleveland‑Cliffs Inc.’s High‑Yield Senior Guaranteed Notes Offering

Cravath represented the initial purchasers in connection with the $850 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 September 8, 2025.

Activities

March 20, 2025

Law360 Selects Seven Cravath Partners for 2025 Editorial Advisory Boards

Seven 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), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). 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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