Keysight Technologies, Inc.’s $400 Million Term Loan Facility and $450 Million Amended and Restated Revolving Credit Facility

Cravath represented Goldman Sachs Bank USA in connection with the arrangement of a $400 million three‑year delayed draw senior unsecured term loan facility and Citibank, N.A. in connection with the arrangement of a $450 million five‑year unsecured revolving credit facility, in each case made available to Keysight Technologies, Inc. to finance its pending acquisition of Ixia and for general corporate purposes. Keysight Technologies, Inc. is a leading electronic measurement company. The financing transactions closed on February 15, 2017.

The Cravath team included partner Tatiana Lapushchik, senior attorney Kimberly A. Grousset and associates Stephanie R. Gallina and Joshua Ayal on banking matters; associates Dmitry Zelik and Bradley M. Tarrash on tax matters; and associate Daniel P. Herrmann on executive compensation and benefits matters.