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Cravath said in an announcement on its website that it advised the banks on two connected senior notes sales for State Street Corporation and State Street Bank and Trust Company, together worth $2 billion, which closed on 20 October 2026.
Key points
- Cravath said it acted for the banks on the paired $2 billion senior notes sales by State Street Corporation and State Street Bank and Trust Company, closed on 20 October 2026.
- The firm named partner Craig F. Arcella and associates Debbie Park and Christine E. Scott as working on capital markets matters for the deal.
- Arvind Ravichandran, a partner, handled tax aspects of the deal, according to the announcement.
- Lucas Edward Beirne, of counsel, and associate Max D. Brashear covered financial institutions matters, while Zachary R. Springer assisted on capital markets and Destin Royer on tax, the firm said.
Other work cited
The announcement also pointed to earlier instructions for State Street entities. Cravath said it had acted for underwriters on a $500 million sale of State Street Corporation depositary shares tied to preferred stock, closed on 12 August 2026, and for initial purchasers on a $1.25 billion notes sale by State Street Bank and Trust Company, closed on 23 July 2026. The firm also said it represented underwriters on a $1.5 billion registered fixed-to-floating rate notes sale by State Street Corporation, closed on 24 April 2026.
Israel notes mandate
Cravath further said it had represented underwriters on a $6 billion registered notes sale by the State of Israel, closed on 13 January 2026, adding that the notes were listed on the London Stock Exchange.