Cravath represented the initial purchasers, led by J.P. Morgan Securities, in connection with the €471 million 144A/Reg. S high-yield senior secured floating rate and senior secured fixed rate notes offering of BiSoho S.A.S., a portfolio company of Shandong Ruyi Group. Proceeds of the offering will be used to finance the acquisition of SMCP S.A.S., a international apparel and accessories retail group. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on May 18, 2016.

The Cravath team included partner Alyssa K. Caples and associates Chere C. See and Guayente Gallego. Alexander L.C. Stevens and associate Maya A. Rosenthal-Larrea also worked on this matter.