Cravath represented the initial purchasers, led by J.P. Morgan Securities plc, BNP PARIBAS, Crédit Agricole CIB, Credit Suisse, HSBC and Natixis, in connection with the €800 million 144A/Reg. S high‑yield senior secured notes offering of Quatrim S.A.S., an indirect subsidiary of Casino, Guichard-Perrachon S.A., a leading major multi-format, multi‑banner and multi‑channel food retailer. The transaction closed on November 20, 2019.
The Cravath team included partner Alyssa K. Caples and associates Lawrence J. Verhelst, Brian T. Bodensteiner and Ryanne G. A. Kok on securities matters, and associate Cecily Xi on tax matters. Henri R. Simonet, Yanis Rahim and Hamza Sebti 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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