Cravath’s London Office Moves to 100 Cheapside
Capital Markets
Cravath has one of the most respected capital markets practices in the world. We hold a distinctive reputation for devising and executing the innovative, sophisticated deal structures underlying landmark financing transactions, including the first simultaneous cross‑border tender offer, direct listings, high‑profile IPOs and acquisition financings for many of the largest U.S. and cross‑border transactions.
Our practice is balanced between representing issuers and underwriters on debt, equity and hybrid offerings, both domestically and internationally. Cravath’s substantial presence in London, where we have one of the largest contingents of U.S. lawyers in the city, enhances our ability to provide seamless, round‑the‑clock coverage.
We execute complex, cross-border deals issued in multiple currencies, as well as IPOs and other high‑profile transactions for companies ranging from emerging startups to leading multinational corporations in the United States and abroad. Our lawyers have led offerings in a broad range of industries and we also regularly advise on SEC‑registered and Rule 144A offerings by sovereign and supranational entities.
Our U.S. and foreign private issuer clients rely on Cravath’s expertise to resolve their most challenging issues before the SEC, including on difficult accounting or other disclosure matters, as well as potential reporting and compliance issues. Cravath lawyers maintain strong relationships with members of the SEC staff and our representation includes alerting our clients to newly enacted U.S. securities laws and SEC and exchange rules and regulations, as well as advising them with respect to compliance with these requirements. We also counsel clients on how U.S. securities laws and regulations interact with evolving areas such as crypto and data privacy.
Our lawyers’ ability to execute all offering types, our client-targeted expertise and our commercial understanding of business situations are highly recommended by clients and peers:
- “Clear leaders in the market, [Cravath] presents the complete package for clients: ‘They know how to move a deal along, and they know the SEC.’” Chambers
- “They are a perennial leader in capital markets transactions in Europe.” Chambers
- “Cravath runs a top-notch U.S. securities practice from its London office and is involved in some of the largest transactions in the U.S. and global equity capital markets.” The Legal 500
- “Cravath has served as one of our primary outside counsels for over 20 years. They’ve helped us in a variety of different matters and transactions including an IPO, secondary equity offerings, and, more recently, a 144A debt offering. I would say that the firm in general, but specifically the capital markets team, provides the highest quality legal services that I think we get from any outside counsel. I’ve found their work to be uniformly excellent. They get some of the brightest people, they have a pretty broad range of expertise, and the quality of the lawyers is uniformly high. They’re very responsive and I think they really meet the client’s needs in pretty much all facets.” IFLR1000
- “They collaborate seamlessly to ensure they deliver their firm’s absolute best on every client matter.” Chambers
- “Absolutely outstanding. Deep technical expertise combined with wide sector knowledge and unbelievable commitment.” IFLR1000
- “Excellent lawyers technically and creative problem-solvers” who are “regularly sought for advice on complex or esoteric capital markets issues.” Chambers
- Cravath is “the best at anticipating and answering our changing legal needs.” Chambers
- “There’s Cravath and then there’s everyone else.” The Legal 500
Our practice is balanced between representing issuers and underwriters on debt, equity and hybrid offerings, both domestically and internationally. Cravath’s substantial presence in London, where we have one of the largest contingents of U.S. lawyers in the city, enhances our ability to provide seamless, round‑the‑clock coverage.
We execute complex, cross-border deals issued in multiple currencies, as well as IPOs and other high‑profile transactions for companies ranging from emerging startups to leading multinational corporations in the United States and abroad. Our lawyers have led offerings in a broad range of industries and we also regularly advise on SEC‑registered and Rule 144A offerings by sovereign and supranational entities.
Our U.S. and foreign private issuer clients rely on Cravath’s expertise to resolve their most challenging issues before the SEC, including on difficult accounting or other disclosure matters, as well as potential reporting and compliance issues. Cravath lawyers maintain strong relationships with members of the SEC staff and our representation includes alerting our clients to newly enacted U.S. securities laws and SEC and exchange rules and regulations, as well as advising them with respect to compliance with these requirements. We also counsel clients on how U.S. securities laws and regulations interact with evolving areas such as crypto and data privacy.
Our lawyers’ ability to execute all offering types, our client-targeted expertise and our commercial understanding of business situations are highly recommended by clients and peers:
- “Clear leaders in the market, [Cravath] presents the complete package for clients: ‘They know how to move a deal along, and they know the SEC.’” Chambers
- “They are a perennial leader in capital markets transactions in Europe.” Chambers
- “Cravath runs a top-notch U.S. securities practice from its London office and is involved in some of the largest transactions in the U.S. and global equity capital markets.” The Legal 500
- “Cravath has served as one of our primary outside counsels for over 20 years. They’ve helped us in a variety of different matters and transactions including an IPO, secondary equity offerings, and, more recently, a 144A debt offering. I would say that the firm in general, but specifically the capital markets team, provides the highest quality legal services that I think we get from any outside counsel. I’ve found their work to be uniformly excellent. They get some of the brightest people, they have a pretty broad range of expertise, and the quality of the lawyers is uniformly high. They’re very responsive and I think they really meet the client’s needs in pretty much all facets.” IFLR1000
- “They collaborate seamlessly to ensure they deliver their firm’s absolute best on every client matter.” Chambers
- “Absolutely outstanding. Deep technical expertise combined with wide sector knowledge and unbelievable commitment.” IFLR1000
- “Excellent lawyers technically and creative problem-solvers” who are “regularly sought for advice on complex or esoteric capital markets issues.” Chambers
- Cravath is “the best at anticipating and answering our changing legal needs.” Chambers
- “There’s Cravath and then there’s everyone else.” The Legal 500
Deals & Cases
October 20, 2025
Dell International L.L.C. and EMC Corporation’s $4.5 Billion Registered Senior Notes Offering
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.
Deals & Cases
October 20, 2025
Windstream Services, LLC’s $1.4 Billion High-Yield Senior Secured Notes Offering
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.
Deals & Cases
October 17, 2025
American Axle & Manufacturing, Inc.’s $2.1 Billion High-Yield Senior Secured Notes and Senior Notes Offering
Cravath represented the initial purchasers in connection with the $2.1 billion 144A/Reg. S high-yield senior secured notes and senior notes offering of American Axle & Manufacturing, Inc., a wholly-owned subsidiary of American Axle & Manufacturing Holdings, Inc., a leading global tier 1 automotive and mobility supplier that designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. A portion of the proceeds of the offering will be used in connection with American Axle Manufacturing Holdings, Inc.’s pending business combination with Dowlais Group plc. The transaction closed on October 3, 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.
Activities
October 23, 2025
Cravath Recognized for “Sophisticated, High‑Value” Deals in Chambers UK 2025 Rankings
The 2025 Chambers UK rankings recognized Cravath across three categories: Leveraged Finance (Lenders – Big Ticket); Leveraged Finance (Big Ticket); and Capital Markets (High‑Yield Products). Chambers noted Cravath among the firms that “excel in sophisticated, high‑value financial deals.” Added a survey respondent, Cravath’s “team impresses with its collaborative spirit and innovative approach. Their strengths lie in effective communication, strategic problem‑solving, along with being diligent and highly commercial.”
Activities
October 23, 2025
IFLR Recognizes “Sharp Ascent” by Cravath in 2025 Western Europe Rankings
In an article highlighting the October release of the 2025 edition of IFLR1000, IFLR named Cravath among the law firms that “made the largest strides in the banking and finance rankings across four key European markets this year.” It further pointed to Cravath’s “sharp ascent” in rankings as evidence of U.S. firms becoming increasingly active in London’s finance space. The 2025 edition of IFLR1000 recognized Cravath across five categories: Bank Lending – Lender Side, Bank Lending – Sponsor Side, Capital Markets – Debt, Capital Markets – Equity and Capital Markets – High Yield.
Activities
October 20, 2025
Lawdragon Names 57 Cravath Partners to its 2026 List of “500 Leading Dealmakers in America”
On October 17, 2025, Lawdragon announced the inclusion of 57 Cravath partners in its annual list of the “500 Leading Dealmakers in America.” The list, assembled based on research and vetting by peers, recognizes lawyers in the areas of M&A, capital markets, corporate governance, finance, private equity and tax who “shake the world with the deals they make happen” and are “among the most coveted lawyers in the world.”
Activities
October 07, 2025
Elad Roisman Speaks at Fordham Law’s 2025 Blockchain Regulatory Symposium
On October 6, 2025, Cravath partner Elad Roisman participated in the 2025 Blockchain Regulatory Symposium, hosted by Fordham Law School in New York City. The symposium provided a platform for discussions on a range of topics, including the tension between innovation and regulation in the U.S. and globally. Elad spoke on a panel entitled “Wall Street Meets Crypto... on Wall Street,” which brought together leading corporate, capital markets and M&A practitioners to discuss key considerations as crypto companies begin transitioning from private market launchpads to public markets and what comes next.
Activities
October 02, 2025
Philip Boeckman Elected as Chair of Society of English and American Lawyers
In September 2025, Cravath partner Philip J. Boeckman was elected as Chair of the Society of English and American Lawyers (“SEAL”). SEAL is a London‑based organization that for more than four decades has existed as a forum for English and American lawyers to meet and exchange views on professional, business, academic and cultural matters of concern to them. It brings together barristers, solicitors and members of the judiciary, regularly organizing social functions and talks on topics of interest to lawyers in jurisdictions on both sides of the Atlantic.
Deals & Cases
October 20, 2025
Dell International L.L.C. and EMC Corporation’s $4.5 Billion Registered Senior Notes Offering
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.
Deals & Cases
October 20, 2025
Windstream Services, LLC’s $1.4 Billion High-Yield Senior Secured Notes Offering
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.
Deals & Cases
October 17, 2025
American Axle & Manufacturing, Inc.’s $2.1 Billion High-Yield Senior Secured Notes and Senior Notes Offering
Cravath represented the initial purchasers in connection with the $2.1 billion 144A/Reg. S high-yield senior secured notes and senior notes offering of American Axle & Manufacturing, Inc., a wholly-owned subsidiary of American Axle & Manufacturing Holdings, Inc., a leading global tier 1 automotive and mobility supplier that designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. A portion of the proceeds of the offering will be used in connection with American Axle Manufacturing Holdings, Inc.’s pending business combination with Dowlais Group plc. The transaction closed on October 3, 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.
Activities
October 23, 2025
Cravath Recognized for “Sophisticated, High‑Value” Deals in Chambers UK 2025 Rankings
The 2025 Chambers UK rankings recognized Cravath across three categories: Leveraged Finance (Lenders – Big Ticket); Leveraged Finance (Big Ticket); and Capital Markets (High‑Yield Products). Chambers noted Cravath among the firms that “excel in sophisticated, high‑value financial deals.” Added a survey respondent, Cravath’s “team impresses with its collaborative spirit and innovative approach. Their strengths lie in effective communication, strategic problem‑solving, along with being diligent and highly commercial.”
Activities
October 23, 2025
IFLR Recognizes “Sharp Ascent” by Cravath in 2025 Western Europe Rankings
In an article highlighting the October release of the 2025 edition of IFLR1000, IFLR named Cravath among the law firms that “made the largest strides in the banking and finance rankings across four key European markets this year.” It further pointed to Cravath’s “sharp ascent” in rankings as evidence of U.S. firms becoming increasingly active in London’s finance space. The 2025 edition of IFLR1000 recognized Cravath across five categories: Bank Lending – Lender Side, Bank Lending – Sponsor Side, Capital Markets – Debt, Capital Markets – Equity and Capital Markets – High Yield.
Activities
October 20, 2025
Lawdragon Names 57 Cravath Partners to its 2026 List of “500 Leading Dealmakers in America”
On October 17, 2025, Lawdragon announced the inclusion of 57 Cravath partners in its annual list of the “500 Leading Dealmakers in America.” The list, assembled based on research and vetting by peers, recognizes lawyers in the areas of M&A, capital markets, corporate governance, finance, private equity and tax who “shake the world with the deals they make happen” and are “among the most coveted lawyers in the world.”
Activities
October 07, 2025
Elad Roisman Speaks at Fordham Law’s 2025 Blockchain Regulatory Symposium
On October 6, 2025, Cravath partner Elad Roisman participated in the 2025 Blockchain Regulatory Symposium, hosted by Fordham Law School in New York City. The symposium provided a platform for discussions on a range of topics, including the tension between innovation and regulation in the U.S. and globally. Elad spoke on a panel entitled “Wall Street Meets Crypto... on Wall Street,” which brought together leading corporate, capital markets and M&A practitioners to discuss key considerations as crypto companies begin transitioning from private market launchpads to public markets and what comes next.
Activities
October 02, 2025
Philip Boeckman Elected as Chair of Society of English and American Lawyers
In September 2025, Cravath partner Philip J. Boeckman was elected as Chair of the Society of English and American Lawyers (“SEAL”). SEAL is a London‑based organization that for more than four decades has existed as a forum for English and American lawyers to meet and exchange views on professional, business, academic and cultural matters of concern to them. It brings together barristers, solicitors and members of the judiciary, regularly organizing social functions and talks on topics of interest to lawyers in jurisdictions on both sides of the Atlantic.
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Cravath Bicentennial
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
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