DowDuPont’s $12 Billion of Credit Facilities
November 20, 2018
Cravath represented JPMorgan Chase Bank, N.A., as administrative agent and lead arranger, in connection with the arrangement of $12 billion of credit facilities made available to DowDuPont Inc. and its soon to be spun‑off subsidiary Corteva. This transaction is in connection with DowDuPont’s announced separation into three public companies. The facilities consisted of a $3 billion five‑year revolving credit facility, a $3 billion three‑year revolving credit facility, a $3 billion revolving credit facility and a $3 billion term loan facility. The transaction closed on November 12, 2018.
The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associates Matthew S. Weiner and Michael W. Fahner on banking matters, and associate Damien J. Rose on tax matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 2000, Harvard Law Schoolcum laude
-
B.A., 1997, Barnard Collegesumma cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 1995, Harvard Law Schoolcum laude
-
B.A., 1992, St. Bonaventure Universitysumma cum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
January 03, 2025
iBanFirst’s Amendment and Restatement of its Senior Facilities Agreement
Cravath represented iBanFirst, a portfolio company of Marlin Equity Partners, in connection with the amendment and restatement of its senior facilities agreement to implement a new term loan facility. Marlin Equity Partners is a leading global investment firm. The transaction closed on December 19, 2024.
Deals & Cases
December 02, 2024
DraftKings Inc.’s Credit Facility
Cravath represented Morgan Stanley, as administrative agent, joint lead arranger, joint bookrunner and collateral agent, in connection with a $500 million revolving credit facility made available to DraftKings Inc. and certain of its subsidiaries. DraftKings Inc. operate as a digital sports entertainment and gaming company in the United States and internationally. The transaction closed on November 7, 2024.
Deals & Cases
October 29, 2024
Reynolds Consumer Products Inc.’s Revolving Credit Facility
Cravath represented the lead bookrunner in connection with a $700 million revolving credit facility made available to Reynolds Consumer Products Inc. Reynolds Consumer Products Inc. produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. The transaction closed on October 17, 2024.
Deals & Cases
October 29, 2024
Gannett Holdings LLC’s Term Loan Facility
Cravath represented Gannett Holdings LLC in connection with its $900 million senior secured term loan facility. Gannett Holdings LLC is a wholly owned subsidiary of Gannett Co., Inc., a leading diversified media company with expansive reach at the national and local level dedicated to empowering and enriching communities. The transaction closed on October 15, 2024.
