Technology

On October 28, 2025, Westinghouse Electric Company (“Westinghouse”), Brookfield Asset Management (“Brookfield”) and Cameco Corporation (“Cameco”) announced that the U.S. Government has entered into a strategic partnership to accelerate the deployment of nuclear power. At the center of the new strategic partnership, at least $80 billion of new reactors will be constructed across the United States using Westinghouse nuclear reactor technology. The partnership contains profit sharing mechanisms that provide for all parties, once certain thresholds are met, to participate in the long‑term financial and strategic value that will be created within Westinghouse by the growth of nuclear energy and advancement of investment into AI capabilities in the United States. Cravath is representing Westinghouse and Brookfield in connection with the strategic partnership.

Cravath represented the underwriters in connection with the $4.5 billion registered senior notes offering of Dell International L.L.C. and EMC Corporation. Dell International L.L.C. and EMC Corporation are wholly-owned subsidiaries of Dell Technologies, a leading integrated technology solutions provider in the IT industry. The transaction closed on October 6, 2025.

Cravath represented the initial purchasers in connection with the $1.4 billion high-yield senior secured notes offering of Windstream Services, LLC, an indirect wholly owned subsidiary of Uniti Group Inc., a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. The transaction closed on October 6, 2025.

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $1.8 billion of credit facilities made available to Crane Company, as part of the financing transactions undertaken in connection with its pending acquisition of Precision Sensors & Instrumentation (“PSI”) product line from Baker Hughes, a leading energy technology company with a diversified portfolio of technologies and services that span the energy and industrial value chain. Crane Company is a leading industrial manufacturing and technology company. The credit facilities consisted of a $900 million term loan facility and a $900 million revolving credit facility. The transaction closed on September 30, 2025.

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.

On October 29, 2025, Cravath partner Sharonmoyee Goswami participated in “Patent Law Institute 2025: Critical Issues & Best Practices,” a program presented by the Practising Law Institute from October 29‑30 in New York. Sharon spoke on a panel entitled “Recent Court Decisions That Are Shaping Up Patent Law,” which discussed recent Supreme Court decisions and certiorari grants, major Federal Circuit opinions and en banc petitions, patent damages under EcoFactor v. Google and recent changes in USPTO proceedings.

On October 28, 2025, Cravath partner Jelena McWilliams participated in Money20/20 USA conference in Las Vegas. Jelena moderated a fireside chat that explored the evolving priorities of the Office of the Comptroller of the Currency (“OCC”) under the leadership of Comptroller Jonathan Gould. The discussion examined how the OCC is shaping transparency, competition, fair access and digital transformation across the banking industry and how the agency’s growing influence is redefining the future of banking and financial innovation.

On October 16, 2025, Cravath partner Elad Roisman participated in DC Fintech Week in Washington, D.C. The event brought together leading voices in finance, technology and regulation to explore the future of fintech, with discussions on AI, blockchain and global financial trends. Elad moderated a panel entitled “Click Once, Lose Everything?: The Future of Digital Asset Custody,” which examined the importance of securing code, keys and composability at scale, and explored how institutions are redefining custody to support programmable assets, multi‑party computation and next‑generation financial infrastructure.

On October 14, 2025, the Harvard Law School Association of New York City presented Cravath Presiding Partner Faiza J. Saeed with the organization’s Leadership Award, presented at its annual Leadership Dinner in New York. Faiza was honored alongside Steven Klinsky, Founder and CEO of New Mountain Capital, and Rob Manfred, Commissioner of Major League Baseball.

On October 9, 2025, Cravath of counsel Kathryn‑Ann Stamm participated in a panel entitled “Legal Side of Startups,” hosted by the NYU Stern Business and Law Association (“SBLA”). SBLA is dedicated to exploring the intersection between business and law by sharing practical insights from professionals involved in corporate law, strategy and entrepreneurship. During the panel, Kathryn‑Ann spoke about the interplay between venture capital and intellectual property (“IP”) law, emphasizing how early‑stage IP strategies underpin valuation, diligence readiness and long‑term success. She also explored scaling challenges as startups mature and discussed how emerging technologies, including AI, are reshaping diligence, licensing, data use and product development.