Cravath represented the initial purchasers, led by BofA Merrill Lynch and J.P. Morgan Securities, in connection with the US$6.5 billion senior notes offering of Freeport‑McMoRan Copper & Gold Inc., a leading international mining company. The proceeds of the offering will be used to fund the Plains Exploration & Production Company and McMoRan Exploration Company acquisitions. The transaction closed on March 7, 2013.
The Cravath team included partners William V. Fogg and Johnny G. Skumpija and associates R. Kirkie Maswoswe, Gillian L. Warmflash and Heather A. Benjamin on corporate matters, associate William B. Abbott on tax matters and partner Matthew Morreale on environmental matters.
