TUI Cruises GmbH’s High‑Yield Senior Notes Offering

Cravath represented the initial purchasers in connection with the €375 million 144A/Reg. S high‑yield senior notes offering of TUI Cruises GmbH, a leading German cruise operator. The notes were listed on The International Stock Exchange. The transaction closed on November 27, 2024.

The Cravath team included partner Philip J. Boeckman and associates Luke A. Martin and César Albiñana on capital markets matters; partner Andrew T. Davis and associates Megan Samayoa and Ruth Goldstein Schapiro on tax matters; partner Matthew Morreale, senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; of counsel Megan Y. Lew on regulatory matters; and practice area attorney David Crampton on executive compensation and benefits matters. Georgi Boyadzhiev also worked on capital markets matters.