November 15, 2017
Cravath represented the initial purchasers, led by Deutsche Bank, Credit Suisse, UniCredit Bank and Crédit Agricole CIB, in connection with the €510 million 144A/Reg. S high‑yield fixed and floating rate senior secured notes offering of Takko Luxembourg 2 S.C.A., a subsidiary of the Takko Group, which is a leading European discount apparel retail group. Application will be made to The International Stock Exchange Authority Limited for listing of and permission to deal in the notes on the Official List of the International Stock Exchange. The transaction closed on November 9, 2017.
The Cravath team included partner Philip J. Boeckman and associates Bethany A. Pfalzgraf and Norman J. Walczak on securities matters, and partner Christopher K. Fargo and associate Dmitry Zelik on tax matters. Brian T. Bodensteiner also worked on securities 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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