Cravath – Navistar International Corp.’s High-Yield Senior Debt Offering

Cravath represented the underwriters, J.P. Morgan Securities, Credit Suisse, BofA Merrill Lynch and Goldman, Sachs & Co., in connection with the US$300 million registered high‑yield senior debt offering of Navistar International Corporation, a leading manufacturer of commercial and military trucks, buses, diesel engines and recreational vehicles. The transaction closed on April 2, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Chadbourne Represents Chartis Excess in Connection with Its Reorganization

Chadbourne & Parke commenced a case under Chapter 15 of the United States Bankruptcy Code for Chartis Excess Ltd., a subsidiary of AIG. Chartis Excess is requesting an order granting recognition to court proceedings before the High Court of Ireland and enforcing a scheme of arrangement sanctioned by the Irish High Court. The action is part of a larger reorganization of AIG and to prepare for upcoming changes to European insurance rules, which are designed to protect policyholders and prevent insurance companies from failing.

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Tags:  New York

Shearman & Sterling Advises E.ON on Divestiture of Its Hungarian Gas Storage and Trading Activities

Shearman & Sterling advised the German-based power and gas group E.ON in the divestiture of its Hungarian gas storage and trading activities to the Hungarian state-owned energy group MVM Hungarian Electricity Ltd. E.ON concluded an agreement to sell its 100-percent stakes in E.ON Földgáz Trade and E.ON Földgáz Storage to MVM. Including the assumption of debt, the purchase price for both companies is around €870 million.

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Tags:  Shearman & Sterling LLP