Cravath’s New York Office Moves to Two Manhattan West
Cravath represented the initial purchasers in connection with the $26 billion 144A/Reg. S notes offering of Mars, Incorporated, as part of the financing transactions undertaken in connection with the pending $35.9 billion acquisition of Kellanova. Mars, Incorporated is one of the world’s largest privately‑held, family‑owned businesses with a history of successfully building and growing market-leading consumer brands for over 100 years. The transaction closed on March 12, 2025.
The Cravath team included partners William V. Fogg and Douglas Dolan and associates Kathryn Kennedy Bleday, Mitchell S. Siegel and Benjamin Meyer on capital markets matters; partner Andrew T. Davis and associate Carolyn Liziewski on tax matters; and associate Star S. Gulant on environmental matters.
Deals & Cases
August 14, 2024
On August 14, 2024, Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, announced it has signed a definitive agreement to acquire Kellanova, a leading company in the manufacture and marketing of snacks and convenience foods, in a $35.9 billion all cash transaction, including assumed net leverage. Cravath is representing the lead arrangers and bookrunners of committed debt financing in connection with the transaction.
Deals & Cases
November 30, 2023
Cravath represented the administrative agent, sole lead arranger and sole bookrunner in connection with a £375 million term loan facility made available to Mars, Incorporated to finance the recommended acquisition of Hotel Chocolat Group plc. Mars, Incorporated is one of the world’s largest privately-held, family-owned businesses with a history of successfully building and growing market-leading consumer brands for over 100 years. The transaction closed on November 16, 2023.
Deals & Cases
May 05, 2023
Cravath represented the initial purchasers in connection with the $2.5 billion 144A/Reg. S notes and sustainability notes offering of Mars, Incorporated, one of the world’s largest privately held, family‑owned businesses with a history of successfully building and growing market‑leading consumer brands for over 100 years. The transaction closed on April 20, 2023.
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