03/25/2024 | Press release | Distributed by Public on 03/25/2024 12:35
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of Westinghouse Air Brake Technologies Corporation, one of the world's largest providers of value-added, technology-based equipment, systems and services for the global passenger transit and freight rail industries. The transaction closed on March 11, 2024.
The Cravath team included partners Andrew J. Pitts and Ryan J. Patrone and associates Nicole M. Gould, Mary Jean Perzik and Victoria Gu on capital markets matters; partner Arvind Ravichandran on tax matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; and practice area attorney David Crampton and associate Jonathan C. Nickas on executive compensation and benefits matters. Carolyn Liziewski also worked on tax matters.
Deals & Cases
March 25, 2024
Cravath represented the initial purchasers in connection with the $1.1 billion high-yield senior notes offering of United Rentals (North America), Inc., a subsidiary of United Rentals, Inc., the largest equipment rental company in the world at the time of the offering. The transaction closed on March 11, 2024.
Deals & Cases
March 21, 2024
Cravath represented the underwriters in connection with the $600 million registered senior notes offering and concurrent $400 million registered fixed-rate junior subordinated notes offering of TPG Operating Group II, L.P. TPG Operating Group II, L.P. is a subsidiary of TPG Inc., a leading global alternative asset manager. The registered senior notes offering closed on March 5, 2024 and the registered fixed-rate junior subordinated notes offering closed on March 4, 2024.
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. ("ODDITY") in connection with the $239 million registered secondary offering of ODDITY's class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital-first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
March 13, 2024
Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Phillips 66 Company, guaranteed by Phillips 66, an energy manufacturing and logistics company with midstream, chemicals, refining, marketing and specialties businesses. The transaction closed on February 28, 2024.