Corporate

Cravath represented American National Group Inc. in connection with its $500 million registered fixed‑rate reset junior subordinated notes offering. American National Group Inc. is a leading insurance company that offers a broad portfolio of insurance products, including annuities, pension risk transfer, individual and group life insurance and property and casualty insurance. The transaction closed on August 22, 2025.

Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Verisk Analytics, Inc. (“Verisk”), a leading data, analytics and technology provider serving clients in the insurance sector. Proceeds of the offering will be used to partially finance Verisk’s acquisition of Exactlogix, Inc., doing business as AccuLynx.com. The transaction closed on August 21, 2025.

Cravath represented the initial purchasers in connection with the $450 million and C$175 million 144A/Reg. S high‑yield senior notes offering of goeasy Ltd., a leading full‑service provider of goods and alternative financial services that improve the lives of everyday Canadians. The transaction closed on August 20, 2025.

Cravath represented the initial purchasers in connection with the $2 billion 144A/Reg. S high-yield first lien notes offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities‑based technology and communications company that provides a broad array of integrated products and services. The transaction closed on August 18, 2025.

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Otis Worldwide Corporation, a leading elevator and escalator manufacturing, installation and service company. The transaction closed on August 8, 2025.

Cravath partner David J. Kappos participated in the 2025 Global Forum on Intellectual Property, IP Week @ SG 2025, which was hosted by the Intellectual Property Office of Singapore from August 26–27, 2025 in Singapore. Dave spoke on two panels during the forum. The first, entitled “Greening with IP: From Trade Marks to Brands,” explored how trademarks and branding can support sustainability outcomes and addressed legal intricacies related to “going green,” including the risks of greenwashing, building responsible brands and navigating the associated legal landscape. The second panel, entitled “Beyond Battlegrounds: From Territorial Considerations to Strategic Forum Selection,” examined the strategic factors that influence forum selection in IP disputes and provided insights into the comparative advantages of mediation, arbitration and litigation, as well as the use of litigation insurance and third-party funding as tools for financial and risk management.

On August 12, 2025, Cravath partner Evan A. Hill was featured in Bloomberg Law’s “They’ve Got Next: 40 Under 40” series, which recognizes young lawyers who are “raising the bar in the legal profession,” based on their work on key client matters, assumption of leadership roles, pro bono commitments and more.

On August 12, 2025, Cravath partner Jin‑Kyu Baek was featured in Bloomberg Law’s “They’ve Got Next: 40 Under 40” series, which recognizes young lawyers who are “raising the bar in the legal profession,” based on their work on key client matters, assumption of leadership roles, pro bono commitments and more.

Cravath released the Summer 2025 issue of its Alumni Journal, which highlights the Firm’s global alumni community. This issue features the career journey of Ed Weiss, Executive Vice President, Corporate Strategy and General Counsel at Fenway Sports Group, as well as a recent conversation with Margot Miller, the Global Vice President of Legal & Corporate Affairs at AB InBev and the company’s e‑commerce platform, BEES. This edition also spotlights the Firm’s antitrust practice and includes photos of the Firm’s new London office, which was recently relocated to 100 Cheapside. 

On August 11, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which provides insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the second quarter of 2025. Highlights from this edition include: