Cravath, Swaine & Moore LLP is consistently active in high-yield debt offerings, both for issuer and underwriter engagements. The firm has continued to be engaged in headline and challenging deals, including those linked to acquisitions and spin-offs. Joseph Zavaglia has made a further impression in major transactions, along with longstanding leader Craig Arcella. Andrew Pitts, William Fogg and Scott Bennett are also prominent. Douglas Dolan is an up and coming name, having led a number of significant deals. The team has also looked to expand its partner ranks with the recent promotion of Ryan Patrone and Kelly Smercina to the partnership. All are based in New York.
Testimonials
Collated independently by Legal 500 research team.
‘Amazing team -- business friendly, sophisticated and always produces great outcomes.’
‘Andy Pitts is amazing. His knowledge and expertise are second to none. ’
Key clients
- Burford Capital
- Forward Air
- US Foods
- Various financial institutions
Work highlights
- Represented the initial purchasers in three high-yield senior secured notes offerings of TransDigm totalling $3.55bn.
- Represented the initial purchasers in the $1.35bn 144A/Reg S senior notes offering of NCR Atleos Escrow Corporation to finance the spin-off of NCR Atleos by NCR Corporation.
- Represented Forward Air Corporation in a $725m 144A/Reg S high-yield senior secured notes offering to finance the acquisition of Omni.
Lawyers
Practice head
The lawyer(s) leading their teams.
Craig Arcella, William Fogg, Andrew Pitts