Cravath, Swaine & Moore LLP has a reputation for advising on landmark and highly-complex debt offerings, including those linked to acquisitions and spin-off transactions. The wide-ranging practice covers investment grade, high-yield, convertible and exchangeable debt deals, with the team acting for issuers and underwriters. Ryan Patrone and Kelly Smercina were recently elected to the partnership, expanding the capital markets team’s senior ranks. It frequently advised blue-chip issuers along with the most active underwriters and initial purchasers in big-ticket offerings. Craig Arcella, Andrew Pitts and Nicholas Dorsey are top members of the team, with Michael Mariani making a further impression in investment grade debt offerings. William Fogg and Stephen Burns are also senior members of the practice. Named individuals are all based in New York.
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Key clients
- AerCap
- Booking
- Burlington Northern Santa Fe
- Crown Castle
- IBM
- Illumina
- Kenvue
- Nestlé
- Northrop Grumman
- Qualcomm
- Weyerhaeuser
Work highlights
- Represented the underwriters in fivenotes offerings of JPMorgan Chase aggregating $15.25bn.
- Represented Kenvue in its $7.75bn notes offering in connection with its separation from Johnson & Johnson.
- Represented the underwriters in the $3.25bn notes offering of L3Harris Technologies to finance its acquisition of Aerojet Rocketdyne.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Andrew Pitts
Cravath, Swaine & Moore LLPNext Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Nicholas Dorsey
Cravath, Swaine & Moore LLPPractice head
The lawyer(s) leading their teams.
Craig Arcella, William Fogg, Andrew Pitts