Celgene Corporation’s $5 Billion Bridge Commitment and $1 Billion Revolving Credit Facility
July 29, 2015
Cravath represented JPMorgan Chase Bank, N.A. as arranger of a $5 billion bridge commitment and a $1 billion revolving credit facility to support Celgene Corporation’s acquisition of Receptos, Inc. Celgene Corporation is a global biopharmaceutical company with a primary focus in developing therapies to treat cancer and inflammatory diseases. The transaction closed on July 29, 2015.
The Cravath team included partners James D. Cooper and Stephen L. Burns, senior attorney Patrick J. Moriarty and associates Jacob B. Ornstein and Saarah Woodby on banking and securities matters; and partner David J. Kappos and senior attorney Anthony N. Magistrale on intellectual property matters. Summer associate Stephanie M. Park also worked on banking matters.
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People
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
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- California
- District of Columbia
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Admitted In
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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
Education
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J.D., 1990, The University of Texas School of Lawwith Honors
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B.B.A., 1987, University of Oklahomawith Distinction
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