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Cravath, Swaine & Moore LLP

WORLDWIDE PLAZA, 825 EIGHTH AVENUE, 10019-7475, USA
Tel:
Work +1 212 474 1000
Fax:
Fax +1 212 474 3700
Email:
Web:
www.cravath.com
London, NEW YORK

Joseph Zavaglia

Tel:
Work +1 (212) 474-1724
Email:
Web:
www.cravath.com/jzavaglia/
Cravath, Swaine & Moore LLP

Work Department

Corporate

Position

Joseph D. Zavaglia is a partner in Cravath’s Corporate Department. He is a generalist corporate lawyer who advises financial institutions and corporate clients in a wide variety of matters, including securities offerings, syndicated loan transactions and mergers and acquisitions.


United States: Finance

Capital markets: high-yield debt offerings

Within: Next Generation Partners

Joseph Zavaglia - Cravath, Swaine & Moore LLP

Within: Capital markets: high-yield debt offerings

According to sources, Cravath, Swaine & Moore LLP's New York-based group ‘is among the strongest manager-side specialists in the market’, and also receives a steady stream of mandates from high-yield debt issuers. A top choice for banks to advise on major, event-driven deals, the firm regularly demonstrates that it can turn its hand to sophisticated transactions in any sector. The diverse practice has worked to increase its market share of energy deals, which has recently included financing co-head Stephen Burns advising the underwriters on Chesapeake Energy’s $1.2bn high-yield debt offering. The healthcare industry also proved a significant source of mandates during 2018, where Johnny Skumpija acted for the initial purchasers in a $1.8bn high-yield senior notes offering by Centene Escrow I Corporation, a wholly-owned subsidiary of Centene Corporation. On the issuer side, financing co-head William Fogg and recently promoted partner Michael Mariani advised TerraForm Power Operating, a portfolio company of Brookfield Asset Management, on its $1.2bn high-yield debt offering. Other key contacts include Joseph Zavaglia, who spearheaded the firm’s advice to the initial purchasers on Community Health Systems’ $1bn senior secured notes offering, financing co-head Craig Arcella and North America capital markets lead Andrew Pitts.

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Commercial lending

Within: Next Generation Partners

Joseph Zavaglia - Cravath, Swaine & Moore LLP

Within: Commercial lending

As one of the premier firms for lender-side work, Cravath, Swaine & Moore LLP has ironclad relationships with some of the country's largest financial institutions, which it regularly advises on investment-grade loans and complex financings and refinancings. The six-partner team also regularly sits on the borrower side of the table for its corporate clients, such as Qualcomm, which it advised on $6bn in facilities to finance its ultimately abandoned acquisition of NXP Semiconductors. The firm also acted on significant deals for Northrop Grumman and Time Warner. On the lender side it acted for JP Morgan in relation to $12bn of credit facilities provided to Dow DuPont linked to its separation into three companies and the spin-off of Corteva. Michael Goldman leads the team, which also includes corporate managing partner George Zobitz, Tatiana Lapushchik, Joseph Zavaglia, and Stephen Kessing.

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