Arrangement of Credit Facilities for DuPont’s Acquisition of Danisco
January 12, 2011
On January 10, 2011, DuPont announced that it had entered into a definitive agreement for the acquisition of Danisco, a global enzyme and specialty food ingredients company, for $5.8 billion in cash and assumption of $500 million of Danisco net debt. Cravath represented JPMorgan and Goldman, Sachs & Co. as arrangers of credit facilities to provide financing for the acquisition. The transaction is expected to close early in the second quarter of 2011.
The Cravath team included partners James D. Cooper and Tatiana Lapushchik, senior attorney Patrick J. Moriarty and associate Michael D. Baird on banking and finance matters.
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J.D., 2000, Harvard Law Schoolcum laude
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B.A., 1997, Barnard Collegesumma cum laude
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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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