Arconic Rolled Products Corporation’s $600 Million High‑Yield Senior Secured Second‑Lien Notes Offering

Cravath represented the initial purchasers, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities and Citigroup, in the offering.

Arconic Rolled Products Corporation executed a $600 million 144A/Reg. S high-yield senior secured second-lien notes offering.

Arconic Rolled Products Corporation is an aluminum manufacturer focused on rolled products, extrusions and architectural products and systems. This offering was completed in anticipation of the spin-off of Arconic Rolled Products Corporation from Arconic Inc. which engineers, manufactures and sells lightweight metals worldwide.

The Cravath team included partners Andrew J. Pitts (Picture), Joseph D. Zavaglia and D. Scott Bennett and associates Claudia J. Ricciardi, James I. Kim and Zachary B. Ramirez-Brunner on securities matters, and partner Kara L. Mungovan on tax matters.

Involved fees earner: Scott Bennett – Cravath Swaine & Moore; James Kim – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Zachary Ramirez-Brunner – Cravath Swaine & Moore; Claudia Ricciardi – Cravath Swaine & Moore; Joseph Zavaglia – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Citigroup Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC;

Author: Ambrogio Visconti