Mylan’s $2 Billion Senior Revolving Credit Facility and $2 Billion Senior Term Loan Facility

Cravath represented the borrower, Mylan N.V., in connection with the arrangement of a $2 billion senior revolving credit facility, made available by Bank of America, N.A., and a $2 billion senior term loan facility, made available by Goldman Sachs Bank USA. The revolving credit facility will be used to finance working capital needs and for general corporate purposes. The term loan facility will be used to repay existing indebtedness, to finance working capital needs and for general corporate purposes. Mylan N.V. is a leading global pharmaceutical company. The transactions closed on November 22, 2016.

The Cravath team included partner George E. Zobitz and associate Noah X. DeBlasi on banking matters; partner J. Leonard Teti II and associates Kiran Sheffrin and Joyce Y. Kim on tax matters; partner Jonathan J. Katz and associate Matthew J. Bobby on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Dean M. Nickles also worked on banking matters.