Cravath represented the underwriters, led by BofA Merrill Lynch, Citigroup and Morgan Stanley, in connection with the US$276.6 million registered common stock offering of New Senior Investment Group Inc., a publicly traded REIT and one of the largest owners of senior housing in the United States. The shares were listed on the New York Stock Exchange. The transaction closed on June 29, 2015.
The Cravath team included partner Stephen L. Burns and associates Mark Mushkin abd Matthew L. Ploszek on corporate matters; partners Andrew W. Needham and Christopher K. Fargo and associate Ashley N. Elnicki on tax matters; partner Eric W. Hilfers and associates Amy C. Benford on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Summer associate Zachary J. Savrick also worked on corporate 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.
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.
Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.