Cravath represented NH Hotel Group, S.A. in connection with its EU115 million 144A/Reg. S high-yield senior secured debt offering. NH Hotel Group is a leading international hotel operator. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on April 4, 2017. Cravath also represented NH Hotel Group in connection with its EU122 million third-party debt tender offer by Deutsche Bank. The transaction closed on April 3, 2017.

The Cravath team included partner Philip J. Boeckman and associates Margaret R. M. Rallings, Winnie Ling, Philip J. Cernera and Alexander L. C. Stevens.