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Qualcomm's $5 Billion Amended and Restated Senior Unsecured Revolving Credit Facility and $4 Billion Senior Unsecured Term Facility

Cravath represented the borrower, Qualcomm Incorporated, in connection with its $5 billion amended and restated senior unsecured revolving credit facility, made available by Bank of America, N.A. and its $4 billion senior unsecured delayed‑draw term facility, made available by Goldman Sachs Bank USA. The revolving credit facility will be used for working capital, capital expenditures and other general corporate purposes, and the term loan facility will be used to finance the proposed acquisition of NXP Semiconductors N.V. by Qualcomm River Holdings B.V., a wholly owned subsidiary of Qualcomm Incorporated. The financing transaction closed on November 8, 2016.

The Cravath team included partner George E. Zobitz, senior attorney Christopher J. Kelly and associate Sharon Freiman on banking matters; associate Arvind Ravichandran on tax matters; and associate Jana I. Hymowitz on executive compensation and benefits matters. Adam M. Sanchez also worked on banking matters and Bradley M. Tarrash also worked on tax matters.

Please click here to read the Firm’s previous news items related to its representation of Qualcomm on financing and antitrust matters in connection with its $47 billion acquisition of NXP, which was announced on October 27, 2016.