Cravath’s New York Office Moves to Two Manhattan West
Cravath represented Occidental Petroleum Corporation in connection with its $5 billion registered senior notes offering. The proceeds of the offering were used to finance its acquisition of Crownrock. Occidental Petroleum Corporation, an international energy company, is one of the largest oil and gas producers in the United States. The transaction closed on July 26, 2024.
The Cravath team included partners Craig F. Arcella and Douglas Dolan and associates Connor F. O’Neill, Alexander J. A. Burger and Joseph N. Kadoch on capital markets matters, and partner Arvind Ravichandran and associate Jessica Shung on tax matters.
Deals & Cases
December 13, 2023
On December 10, 2023, Occidental Petroleum Corporation entered into a definitive agreement pursuant to which Occidental Petroleum Corporation will acquire CrownRock, L.P. Cravath represented Occidental Petroleum Corporation, as borrower, in connection with a $10 billion bridge facility to support the proposed acquisition. Occidental Petroleum Corporation is an international oil and gas exploration and production company.
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