Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Axalta Coating Systems Dutch Holding B B.V., a wholly‑owned subsidiary of Axalta Coating Systems Ltd., a leading global manufacturer, marketer and distributor of high performance coatings systems. The transaction closed on November 17, 2023.
The Cravath team included partners Craig F. Arcella and Douglas Dolan and associates Connor F. O’Neill and Ikechi J. Ngwangwa on capital markets matters; partner Arvind Ravichandran and associate Jamie H. Lee on tax matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; and practice area attorney David Crampton on executive compensation and benefits matters. Joseph N. Kadoch also worked on capital markets matters; Chloe Amarilla also worked on tax matters; and Jonathan Nickas also worked on executive compensation and benefits matters.
Deals & Cases
March 31, 2025
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg S. high‑yield senior notes offering of Alumina Pty Ltd, a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. Cravath also represented the dealer managers in connection with the concurrent cash tender offers for notes of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, with an aggregate principal amount of up to $1 billion. The transactions closed on March 17, 2025.
Deals & Cases
March 21, 2025
Cravath represented the underwriters in connection with the $500 million fixed rate/floating rate senior notes offering of First Horizon Corporation, a holding company for First Horizon Bank that provides various financial services. The transaction closed on March 7, 2025.
Deals & Cases
March 14, 2025
Cravath represented the initial purchasers in connection with the $500 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. The transaction closed on February 28, 2025.
Deals & Cases
March 07, 2025
Cravath represented the underwriters in connection with the $1 billion registered senior notes offering of Expedia Group, Inc., an online travel company. The transaction closed on February 21, 2025.
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