Cravath represented the underwriters, led by BofA Merrill Lynch, J.P. Morgan Securities and Morgan Stanley, in connection with the US$700 million registered debt offering of Union Pacific Corporation, owner of one of America’s leading transportation companies. The transaction closed on August 12, 2014.

The Cravath team included partner Craig F. Arcella and associate Michael S. Atamas. Summer associate Nicholas Kypriotakis also worked on this matter.