Time Warner’s $2 Billion Senior Unsecured Term Loan Facility

Cravath represented Time Warner, Inc. in connection with a $2 billion senior unsecured term loan facility, arranged by Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Time Warner Inc. intends to use the proceeds of the facility to refinance certain existing debt. The transaction closed on December 4, 2017.

The Cravath team included partner Michael S. Goldman and senior attorney Sarah F. Rosen on banking matters; and associates Richard Bohm and Cecily Xi on tax matters. Marc Bode also worked on banking matters.