CB Escrow Corp.’s $350 Million High?Yield Senior Notes Offering


Cravath represented CB Escrow Corp. in connection with its $350 million 144A/Reg. S high?yield senior notes offering.

CB Escrow Corp. is a wholly owned subsidiary of Cincinnati Bell Inc., a provider of integrated communications and IT solutions. Proceeds of the offering will be used to finance the acquisition of Hawaiian Telecom Holdco, Inc. by Cincinnati Bell. Following the acquisition, CB Escrow Corp. will merge with and into Cincinnati Bell. The transaction closed on October 6, 2017

The Cravath team included partner William V. Fogg (Picture) and associates Ryan M. Farha, Douglas M. Giannantonio, Austin L. Lee and F. Adam Abulawi on securities matters, and associate Andrew T. Davis on tax matters. Arash Ardalan also worked on securities matters.

Involved fees earner: William V. Fogg – Cravath Swaine & Moore; Ryan Farha – Cravath Swaine & Moore; Douglas Giannantonio – Cravath Swaine & Moore; Austin Lee – Cravath Swaine & Moore; Adam Abulawi – Cravath Swaine & Moore; Andrew Davis – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: CB Escrow Corp.;

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Author: Ambrogio Visconti