Corporate

Cravath represented AerCap Funding Designated Activity Company in connection with its $1.5 billion registered senior notes offering. AerCap Funding Designated Activity Company is a wholly owned subsidiary 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 7, 2026.

Cravath represented the underwriter in connection with the registered offering by an affiliate of Oaktree Capital Management, L.P. of $254 million of common shares of TORM plc., one of the world’s largest maritime transporters of refined oil products. The shares were listed on the Nasdaq. The transaction closed on October 7, 2026.

Cravath represented the agent and lenders in connection with the unitranche and revolving credit facilities made available to finance Apax Partners’ acquisition of Techoraco, a leading global events platform for the digital infrastructure market, and Institutional Investor, a leading global capital introduction and intelligence platform of curated, event-based memberships.

On October 20, 2026, Alcon, a global leader in eye care, announced it has acquired Neurotech Pharmaceuticals, Inc. (“Neurotech”), a company focused on developing innovative cell therapies for chronic and neurodegenerative eye diseases, for $550 million. Alcon may be required to make additional contingent payments, including upon the achievement of commercial milestones. This acquisition expands Alcon's retina portfolio with ENCELTO™, the first and only U.S. FDA-approved treatment for adults with idiopathic Macular Telangiectasia Type 2 (“MacTel”), a rare, progressive retinal disease that leads to irreversible central vision loss that has historically had no approved treatment options. Cravath represented Neurotech in connection with the transaction.

Cravath represented the underwriters in connection with the $800 million registered senior notes offering of Hoffman Schroff Holdings, Inc., an indirect wholly owned subsidiary of nVent Electric plc (“nVent”), a leading global provider of electrical connection and protection solutions. Net proceeds of the offering were used to finance nVent’s acquisition of Maverick Power, LLC. The transaction closed on September 29, 2026.

On October 20, 2026, Cravath and Stanford Law School co‑hosted a one‑day AI event at Stanford’s campus in Palo Alto, California. The day featured a program entitled “AI at an Inflection Point,” which examined the rapidly evolving global landscape for advanced AI, including the policy, national security, geopolitical and governance questions shaping its development and deployment. Cravath partner David J. Kappos delivered opening remarks and Cravath partner Ting S. Chen spoke in a fireside chat with Anthropic’s Chief Global Affairs Officer Tino Cuéllar. In addition, Cravath of counsel Scott B. Reents moderated a lunch conversation with authors Kevin Roose and Ethan Mollick in a session entitled “The Future and Business of AI,” which explored where AI is headed, what it means for work and society and how leaders should think about what comes next.

On October 19, 2026, Cravath partner David J. Kappos participated in Open Invention Network (“OIN”)’s inaugural OIN Connect 2026, which was held in San Jose, California. The event focused on how to stay innovative while minimizing IP risk in an era of exponential Open Source use. Dave delivered a keynote address entitled “IP World in a Time of Change – OIN’s Role in Sustained Long-term Patent Risk Mitigation.”

On October 16, 2026, Lawdragon announced the inclusion of 50 Cravath partners in its annual list of the “500 Leading Dealmakers in America.” The list, assembled based on research and vetting by peers, recognizes the lawyers in the areas of M&A, private equity, capital markets, finance, corporate governance, shareholder activism, tax, antitrust, regulatory, restructuring and energy who “close the transactions that remake industries, redraw markets and move trillions of dollars of value.”

On October 15, 2026, Cravath partner Ryan J. Wichtowski participated in the 7th Berkeley‑Tsinghua Transnational IP Conference, entitled “Transnational IP in an Age of AI and Global Competition” and hosted by the UC Berkeley Center for Law and Technology, the Berkeley Asia IP and Competition Law Center and Tsinghua University. The conference explored both the doctrinal challenges posed by advanced AI technologies and the practical realities facing innovative companies operating across jurisdictions. Ryan spoke on a panel entitled “IP Licensing and Commercialization: A U.S.‑China Comparative Perspective.”

On October 7, 2026, Cravath partner Tatiana Lapushchik participated in the American Bar Association’s NYC Commercial Finance Meeting. The event offered experts’ insights into the latest documentation trends of the U.S. corporate loan market and a deep dive into the negotiation of an intercreditor agreement in a bankruptcy context, as well as the ethics of negotiation. Tatiana spoke on a panel entitled “Loan Documentation: Market Trends and Selected Topics,” which examined “hostile” acquisition financings, spin‑off financings and digital infrastructure financings and compared documentation trends in broadly syndicated loans and private credit.