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News & Insights

Home Depot’s $14.5 Billion of Revolving Credit Facilities in Connection with the Pending Acquisition of SRS Distributions Inc.

May 21, 2024

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with $14.5 billion of credit facilities made available to The Home Depot, Inc., the world’s largest home improvement retailer, as part of the financing transactions undertaken in connection with the pending acquisition of SRS Distribution Inc. The facilities consisted of a $10 billion revolving credit facility, $3.5 billion 364‑day revolving credit facility and $1.0 billion three‑year revolving credit facility. The transaction closed on May 7, 2024.

The Cravath team included partner Tatiana Lapushchik and associates Julia Nagle and Hannah Gehringer on banking matters, partner Andrew T. Davis and associate Eduardo D. Jacobo on tax matters, and practice area attorney David Crampton and associate Jonathan C. Nickas on executive compensation and benefits matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Executive Compensation and Benefits
  • Consumer Products and Services
  • Retail

People

Photo
Name
Tatiana Lapushchik
Title
Corporate
Title
Partner
Email
tlapushchik@cravath.com
Phone
+1-212-474-1442
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    Education

    • J.D., 2000, Harvard Law School
      cum laude
    • B.A., 1997, Barnard College
      summa cum laude

    Admitted In

    • New York
    Photo
    Name
    Andrew T. Davis
    Title
    Tax
    Title
    Partner
    Email
    adavis@cravath.com
    Phone
    +1-212-474-1272
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      Education

      • LL.M., 2020, New York University School of Law
      • J.D., 2014, Stanford Law School
      • A.B., 2010, Princeton University

      Admitted In

      • New York
      Name
      David Crampton
      Title
      Executive Compensation and Benefits
      Title
      Practice Area Attorney
      Email
      dcrampton@cravath.com
      Phone
      +1-212-474-1358
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        Education

        • J.D., 2020, Cornell Law School
          magna cum laude
        • B.S., 2016, Oregon State University

        Admitted In

        • New York

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