Four Decades for Justice
Ryan J. Patrone focuses his practice on representing issuers and investment banking firms in capital markets transactions, including initial public offerings and other primary and secondary equity offerings, as well as investment grade and high‑yield debt offerings. He also has significant experience representing clients in mergers and acquisitions, corporate governance, shareholder activism defense and general corporate matters.
Notable work highlights include:
- Initial public offering of Valvoline and other equity offerings of Baker Hughes, Essential Utilities, Fortress Transportation and Infrastructure, Heartland Express, NCR and New Fortress Energy
- Investment grade debt offerings of Brown‑Forman, Essential Utilities, Fortis, Ingersoll Rand, L3Harris, Lazard, Lennar and Viatris
- High-yield debt offerings of American Axle & Manufacturing, Ashland, Burford Capital, Centene, Denbury Resources, Fortress Transportation and Infrastructure, Lennar, Level 3 Communications, NCR, New Fortress Energy and Valvoline
- Convertible notes and other equity‑linked offerings of Allegheny Technologies and Essential Utilities
- Debt-for-debt exchange offers of Centene, Denbury Resources and Level 3 Communications, and cash tender offers of Ashland and Lazard
- Representing Disney in ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET, and the related issuance to ESPN of warrants to purchase PENN common shares
- Representing the Snyder family in the $6.05 billion sale of the NFL's Washington Commanders to a partnership led by Josh Harris
- Representing FS Investments in its combination with Portfolio Advisors, creating a $75 billion alternative investment firm
- Representing Viatris in the $3.335 billion combination of its biosimilars portfolio with Biocon Biologics
- Representing the independent members of the Neenah board of directors in the $3 billion combination with SWM
- Representing Johnson & Johnson in the $2.8 billion sale of its Advanced Sterilization Products business to Fortive
- Representing Deutsche Börse in its $2.275 billion acquisition of ISS
Mr. Patrone is an author on a range of legal topics impacting capital markets and finance, having contributed to publications such as Chambers’ Acquisition Finance Guide.
Mr. Patrone has been named to the Lawdragon 500 X – The Next Generation list.
Mr. Patrone is from Fort Myers, Florida. He received a B.S. summa cum laude from the University of Florida in 2012 and a J.D. magna cum laude from the New York University School of Law in 2015, where he was elected to the Order of the Coif.
Mr. Patrone joined Cravath in 2015 and was elected a partner in 2022.
Notable work highlights include:
- Initial public offering of Valvoline and other equity offerings of Baker Hughes, Essential Utilities, Fortress Transportation and Infrastructure, Heartland Express, NCR and New Fortress Energy
- Investment grade debt offerings of Brown‑Forman, Essential Utilities, Fortis, Ingersoll Rand, L3Harris, Lazard, Lennar and Viatris
- High-yield debt offerings of American Axle & Manufacturing, Ashland, Burford Capital, Centene, Denbury Resources, Fortress Transportation and Infrastructure, Lennar, Level 3 Communications, NCR, New Fortress Energy and Valvoline
- Convertible notes and other equity‑linked offerings of Allegheny Technologies and Essential Utilities
- Debt-for-debt exchange offers of Centene, Denbury Resources and Level 3 Communications, and cash tender offers of Ashland and Lazard
- Representing Disney in ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET, and the related issuance to ESPN of warrants to purchase PENN common shares
- Representing the Snyder family in the $6.05 billion sale of the NFL's Washington Commanders to a partnership led by Josh Harris
- Representing FS Investments in its combination with Portfolio Advisors, creating a $75 billion alternative investment firm
- Representing Viatris in the $3.335 billion combination of its biosimilars portfolio with Biocon Biologics
- Representing the independent members of the Neenah board of directors in the $3 billion combination with SWM
- Representing Johnson & Johnson in the $2.8 billion sale of its Advanced Sterilization Products business to Fortive
- Representing Deutsche Börse in its $2.275 billion acquisition of ISS
Mr. Patrone is an author on a range of legal topics impacting capital markets and finance, having contributed to publications such as Chambers’ Acquisition Finance Guide.
Mr. Patrone has been named to the Lawdragon 500 X – The Next Generation list.
Mr. Patrone is from Fort Myers, Florida. He received a B.S. summa cum laude from the University of Florida in 2012 and a J.D. magna cum laude from the New York University School of Law in 2015, where he was elected to the Order of the Coif.
Mr. Patrone joined Cravath in 2015 and was elected a partner in 2022.
Education
-
J.D., 2015, New York University School of LawOrder of the Coif; Florence Allen Scholar, magna cum laude
-
B.S., 2012, University of Floridasumma cum laude
Admitted In
- New York
Rankings
Lawdragon
- 500 X – The Next Generation (2023)
Deals & Cases
August 28, 2023
Ingersoll Rand Inc.’s $1.5 Billion Registered Senior Notes Offering
Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Ingersoll Rand Inc., a global market leader with a broad range of innovative and mission‑critical air, fluid, energy and medical technologies. The transaction closed on August 14, 2023.
Deals & Cases
August 16, 2023
L3Harris Technologies, Inc.’s $3.25 Billion Registered Notes Offering
Cravath represented the underwriters in connection with the $3.25 billion registered notes offering of L3Harris Technologies, Inc., an aerospace and defense technology company that provides mission-critical solutions for government and commercial customers worldwide. Proceeds of the offering were used to finance the acquisition of Aerojet Rocketdyne Holdings, Inc. The transaction closed on July 31, 2023.
Deals & Cases
August 08, 2023
ESPN’s Agreement with PENN Entertainment to Launch ESPN BET
On August 8, 2023, ESPN announced an agreement with PENN Entertainment (“PENN”) to launch ESPN BET, a branded sportsbook for fans in the United States. PENN Entertainment will rebrand its current sportsbook and relaunch as ESPN BET, effective this Fall in the 16 legalized betting states where PENN Entertainment is licensed. The rebrand includes the mobile app, website, and mobile website. In connection with the transaction, PENN Entertainment has agreed to grant ESPN warrants to purchase approximately 31.8 million PENN common shares that will vest ratably over 10 years, with the potential for ESPN to receive additional bonus warrants to purchase up to an additional approximately 6.4 million PENN common shares. ESPN is 80 percent owned by ABC, Inc., an indirect subsidiary of The Walt Disney Company. Cravath is representing The Walt Disney Company (“Disney”) in connection with the transaction.
Deals & Cases
May 12, 2023
The Snyder Family’s Pending Sale of the Washington Commanders to Josh Harris and Partners
On May 12, 2023, the Washington Commanders and a partnership led by Josh Harris announced they have entered into a purchase and sale agreement which calls for Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions. Cravath is representing the Snyder family in connection with the transaction.
Deals & Cases
April 11, 2023
Brown‑Forman’s Registered Notes Offering
Cravath represented the underwriters in connection with the $650 million registered notes offering of Brown‑Forman Corporation, a leading global spirits company. The transaction closed on March 23, 2023.
Activities & Publications
November 16, 2023
Dave Kappos, Scott Bennett, Mike Mariani, Sasha Rosenthal‑Larrea, Arvind Ravichandran and Ryan Patrone Co‑Author U.S. Chapter of The Legal 500’s 2023 “Blockchain Country Comparative Guide”
Cravath partners David J. Kappos, D. Scott Bennett, Michael E. Mariani, Sasha Rosenthal‑Larrea, Arvind Ravichandran and Ryan J. Patrone co‑authored a chapter on the current state of laws and regulations applicable to blockchain in the U.S. for The Legal 500’s “Blockchain Country Comparative Guide,” which was published in November 2023. The chapter discussed the market sectors in which blockchain and other distributed ledger technologies are being adopted and reviewed recent regulatory guidance and enforcement actions in the space.
Activities & Publications
June 23, 2023
Nick Dorsey, Ryan Patrone, Kelly Smercina and Margaret Rallings Contribute to the 2023 Chambers Acquisition Finance Guide
Cravath partner Nicholas A. Dorsey served as the co‑editor of the 2023 edition of the Chambers Acquisition Finance Guide, which is part of the publisher’s Global Practice Guide series. Nick also co‑authored, along with Cravath partners Ryan J. Patrone and Kelly M. Smercina and European Counsel Margaret R. M. Rallings, the U.S. chapter of the guide.
Firm News
November 16, 2022
Cravath Announces New Partners
Cravath has elected eight new partners. They are:
Ryan J. Patrone focuses his practice on representing issuers and investment banking firms in capital markets transactions, including initial public offerings and other primary and secondary equity offerings, as well as investment grade and high‑yield debt offerings. He also has significant experience representing clients in mergers and acquisitions, corporate governance, shareholder activism defense and general corporate matters.
Notable work highlights include:
- Initial public offering of Valvoline and other equity offerings of Baker Hughes, Essential Utilities, Fortress Transportation and Infrastructure, Heartland Express, NCR and New Fortress Energy
- Investment grade debt offerings of Brown‑Forman, Essential Utilities, Fortis, Ingersoll Rand, L3Harris, Lazard, Lennar and Viatris
- High-yield debt offerings of American Axle & Manufacturing, Ashland, Burford Capital, Centene, Denbury Resources, Fortress Transportation and Infrastructure, Lennar, Level 3 Communications, NCR, New Fortress Energy and Valvoline
- Convertible notes and other equity‑linked offerings of Allegheny Technologies and Essential Utilities
- Debt-for-debt exchange offers of Centene, Denbury Resources and Level 3 Communications, and cash tender offers of Ashland and Lazard
- Representing Disney in ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET, and the related issuance to ESPN of warrants to purchase PENN common shares
- Representing the Snyder family in the $6.05 billion sale of the NFL's Washington Commanders to a partnership led by Josh Harris
- Representing FS Investments in its combination with Portfolio Advisors, creating a $75 billion alternative investment firm
- Representing Viatris in the $3.335 billion combination of its biosimilars portfolio with Biocon Biologics
- Representing the independent members of the Neenah board of directors in the $3 billion combination with SWM
- Representing Johnson & Johnson in the $2.8 billion sale of its Advanced Sterilization Products business to Fortive
- Representing Deutsche Börse in its $2.275 billion acquisition of ISS
Mr. Patrone is an author on a range of legal topics impacting capital markets and finance, having contributed to publications such as Chambers’ Acquisition Finance Guide.
Mr. Patrone has been named to the Lawdragon 500 X – The Next Generation list.
Mr. Patrone is from Fort Myers, Florida. He received a B.S. summa cum laude from the University of Florida in 2012 and a J.D. magna cum laude from the New York University School of Law in 2015, where he was elected to the Order of the Coif.
Mr. Patrone joined Cravath in 2015 and was elected a partner in 2022.
Notable work highlights include:
- Initial public offering of Valvoline and other equity offerings of Baker Hughes, Essential Utilities, Fortress Transportation and Infrastructure, Heartland Express, NCR and New Fortress Energy
- Investment grade debt offerings of Brown‑Forman, Essential Utilities, Fortis, Ingersoll Rand, L3Harris, Lazard, Lennar and Viatris
- High-yield debt offerings of American Axle & Manufacturing, Ashland, Burford Capital, Centene, Denbury Resources, Fortress Transportation and Infrastructure, Lennar, Level 3 Communications, NCR, New Fortress Energy and Valvoline
- Convertible notes and other equity‑linked offerings of Allegheny Technologies and Essential Utilities
- Debt-for-debt exchange offers of Centene, Denbury Resources and Level 3 Communications, and cash tender offers of Ashland and Lazard
- Representing Disney in ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET, and the related issuance to ESPN of warrants to purchase PENN common shares
- Representing the Snyder family in the $6.05 billion sale of the NFL's Washington Commanders to a partnership led by Josh Harris
- Representing FS Investments in its combination with Portfolio Advisors, creating a $75 billion alternative investment firm
- Representing Viatris in the $3.335 billion combination of its biosimilars portfolio with Biocon Biologics
- Representing the independent members of the Neenah board of directors in the $3 billion combination with SWM
- Representing Johnson & Johnson in the $2.8 billion sale of its Advanced Sterilization Products business to Fortive
- Representing Deutsche Börse in its $2.275 billion acquisition of ISS
Mr. Patrone is an author on a range of legal topics impacting capital markets and finance, having contributed to publications such as Chambers’ Acquisition Finance Guide.
Mr. Patrone has been named to the Lawdragon 500 X – The Next Generation list.
Mr. Patrone is from Fort Myers, Florida. He received a B.S. summa cum laude from the University of Florida in 2012 and a J.D. magna cum laude from the New York University School of Law in 2015, where he was elected to the Order of the Coif.
Mr. Patrone joined Cravath in 2015 and was elected a partner in 2022.
Education
-
J.D., 2015, New York University School of LawOrder of the Coif; Florence Allen Scholar, magna cum laude
-
B.S., 2012, University of Floridasumma cum laude
Admitted In
- New York
Rankings
Lawdragon
- 500 X – The Next Generation (2023)
Deals & Cases
August 28, 2023
Ingersoll Rand Inc.’s $1.5 Billion Registered Senior Notes Offering
Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Ingersoll Rand Inc., a global market leader with a broad range of innovative and mission‑critical air, fluid, energy and medical technologies. The transaction closed on August 14, 2023.
Deals & Cases
August 16, 2023
L3Harris Technologies, Inc.’s $3.25 Billion Registered Notes Offering
Cravath represented the underwriters in connection with the $3.25 billion registered notes offering of L3Harris Technologies, Inc., an aerospace and defense technology company that provides mission-critical solutions for government and commercial customers worldwide. Proceeds of the offering were used to finance the acquisition of Aerojet Rocketdyne Holdings, Inc. The transaction closed on July 31, 2023.
Deals & Cases
August 08, 2023
ESPN’s Agreement with PENN Entertainment to Launch ESPN BET
On August 8, 2023, ESPN announced an agreement with PENN Entertainment (“PENN”) to launch ESPN BET, a branded sportsbook for fans in the United States. PENN Entertainment will rebrand its current sportsbook and relaunch as ESPN BET, effective this Fall in the 16 legalized betting states where PENN Entertainment is licensed. The rebrand includes the mobile app, website, and mobile website. In connection with the transaction, PENN Entertainment has agreed to grant ESPN warrants to purchase approximately 31.8 million PENN common shares that will vest ratably over 10 years, with the potential for ESPN to receive additional bonus warrants to purchase up to an additional approximately 6.4 million PENN common shares. ESPN is 80 percent owned by ABC, Inc., an indirect subsidiary of The Walt Disney Company. Cravath is representing The Walt Disney Company (“Disney”) in connection with the transaction.
Deals & Cases
May 12, 2023
The Snyder Family’s Pending Sale of the Washington Commanders to Josh Harris and Partners
On May 12, 2023, the Washington Commanders and a partnership led by Josh Harris announced they have entered into a purchase and sale agreement which calls for Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions. Cravath is representing the Snyder family in connection with the transaction.
Deals & Cases
April 11, 2023
Brown‑Forman’s Registered Notes Offering
Cravath represented the underwriters in connection with the $650 million registered notes offering of Brown‑Forman Corporation, a leading global spirits company. The transaction closed on March 23, 2023.
Activities & Publications
November 16, 2023
Dave Kappos, Scott Bennett, Mike Mariani, Sasha Rosenthal‑Larrea, Arvind Ravichandran and Ryan Patrone Co‑Author U.S. Chapter of The Legal 500’s 2023 “Blockchain Country Comparative Guide”
Cravath partners David J. Kappos, D. Scott Bennett, Michael E. Mariani, Sasha Rosenthal‑Larrea, Arvind Ravichandran and Ryan J. Patrone co‑authored a chapter on the current state of laws and regulations applicable to blockchain in the U.S. for The Legal 500’s “Blockchain Country Comparative Guide,” which was published in November 2023. The chapter discussed the market sectors in which blockchain and other distributed ledger technologies are being adopted and reviewed recent regulatory guidance and enforcement actions in the space.
Activities & Publications
June 23, 2023
Nick Dorsey, Ryan Patrone, Kelly Smercina and Margaret Rallings Contribute to the 2023 Chambers Acquisition Finance Guide
Cravath partner Nicholas A. Dorsey served as the co‑editor of the 2023 edition of the Chambers Acquisition Finance Guide, which is part of the publisher’s Global Practice Guide series. Nick also co‑authored, along with Cravath partners Ryan J. Patrone and Kelly M. Smercina and European Counsel Margaret R. M. Rallings, the U.S. chapter of the guide.
Firm News
November 16, 2022
Cravath Announces New Partners
Cravath has elected eight new partners. They are:
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