IsoPlexis Corporation’s Initial Public Offering

On October 27, 2021, Scientific Games Corporation (“Scientific Games”) announced that it has entered into a definitive agreement to sell its Lottery business, a leading, diversified global lottery partner with long‑standing relationships with approximately 130 government and non‑government lottery entities in over 50 countries, to Brookfield Business Partners L.P. together with its institutional partners (collectively, “Brookfield”) for total consideration of $6.05 billion consisting of $5.825 billion in cash and an earn‑out of up to $225 million based on the achievement of certain EBIDTA targets in 2022 and 2023. Cravath is representing Scientific Games in connection with the transaction.

Cravath represented the initial purchasers in connection with the $500 million Rule 144A/Reg. S high‑yield senior secured notes offering of Pactiv Evergreen Group Issuer Inc. and Pactiv Evergreen Group Issuer LLC, a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America. The transaction closed on September 24, 2021.

Cravath represented the initial purchasers in connection with the $300 million 144A/Reg. S high‑yield senior notes offering of World Acceptance Corporation, one of the nation’s largest small‑loan consumer finance companies. The transaction closed on September 27, 2021.

Cravath represented the initial purchasers in connection with the €340 million 144A/Reg. S high‑yield senior secured notes offering of Leather 2 S.p.A., an entity indirectly beneficially owned by PAI Partners SAS and certain co‑investors. Proceeds of the offering were used to finance in part the acquisition of Conceria Pasubio S.p.A., one of the leading suppliers of premium leather for the automotive industry. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on September 30, 2021.