Pinnacle Foods’s $2.26 Billion Term Loan Facility and $225 Million Revolving Credit Facility

Cravath represented the borrower, Pinnacle Foods Finance LLC, in connection with the arrangement of its $2.262 billion seven‑year term loan facility and its $225 million five‑year revolving credit facility, provided by Barclays Bank PLC. The term loan facility will be used to repay existing term loans. The revolving credit facility will be used for working capital, capital expenditures and general corporate purposes. Pinnacle Foods Finance LLC is an indirect, wholly owned subsidiary of Pinnacle Foods Inc., a leading manufacturer, marketer and distributor of high quality, branded convenience food products. The transactions closed on February 7, 2017.

The Cravath team included partner Craig F. Arcella and associates Jennifer Uren, Alex L. Winkelman and Shakera M. Thompson on banking matters and associate Arvind Ravichandran on tax matters. Bradley M. Tarrash also worked on tax matters.