Welltec’s $340 Million High‑Yield Senior Secured Notes Offering


Cravath represented the initial purchasers, Goldman Sachs International, DNB Markets and Credit Suisse, in connection with the $340 million 144A/Reg. S high‑yield senior secured notes offering of Welltec A/S

Welltec A/S is a leading provider of robotic intervention services and completion solutions to the oil and gas industry. The notes were listed on The International Stock Exchange.

The transaction closed on November 28, 2017.

The Cravath team included partner Philip J. Boeckman (Picture) and associates Michael L. Arnold, Nicoleta D. Lupea and Kendra L. Sandidge on securities matters; partner Matthew Morreale on environmental matters; associate Arvind Ravichandran on tax matters; and associate Brian B. Kennedy on executive compensation and benefits matters. Rebecca L. Fine also worked on tax matters.

Involved fees earner: Philip Boeckman – Cravath Swaine & Moore; Michael Arnold – Cravath Swaine & Moore; Nicoleta Lupea – Cravath Swaine & Moore; Kendra Sandidge – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Arvind Ravichandran – Cravath Swaine & Moore; Brian Kennedy – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Credit Suisse; Goldman Sachs International; DNB Markets;