Ally Financial’s Term Loan Facility and Revolving Credit Facility
January 25, 2017
Cravath represented Citibank, N.A. in connection with the arrangement of an $850 million term loan facility and a $400 million revolving credit facility made available to Ally Financial Inc., to be used for working capital and other lawful general corporate purposes. Ally Financial is a leading digital financial services company. The transactions closed on December 30, 2016.
The Cravath team included partners James D. Cooper and Stephen M. Kessing and associate Alex M. Dzioba on banking matters and associate Ashley May on tax matters.
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
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J.D., 1979, Yale Law School
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A.B., 1976, University of ChicagoPhi Beta Kappa, summa cum laude
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