Cravath’s London Office Moves to 100 Cheapside
December 19, 2016
Cravath represented the borrower, Qualcomm Incorporated, in connection with its $5 billion amended and restated senior unsecured revolving credit facility, made available by Bank of America, N.A. and its $4 billion senior unsecured delayed‑draw term facility, made available by Goldman Sachs Bank USA. The revolving credit facility will be used for working capital, capital expenditures and other general corporate purposes, and the term loan facility will be used to finance the proposed acquisition of NXP Semiconductors N.V. by Qualcomm River Holdings B.V., a wholly owned subsidiary of Qualcomm Incorporated. The financing transaction closed on November 8, 2016.
The Cravath team included partner George E. Zobitz, senior attorney Christopher J. Kelly and associate Sharon Freiman on banking matters; and associate Arvind Ravichandran on tax matters. Adam M. Sanchez also worked on banking matters and Bradley M. Tarrash also worked on tax matters.
Please click here to read the Firm’s previous news items related to its representation of Qualcomm on financing and antitrust matters in connection with its $47 billion acquisition of NXP, which was announced on October 27, 2016.
Deals & Cases
June 04, 2025
Cravath represented QUALCOMM Incorporated in connection with its $1.5 billion registered notes offering. QUALCOMM Incorporated is a global technology leader, helping to bring intelligent computing everywhere through the development and commercialization of foundational technologies. The transaction closed on May 21, 2025.
Deals & Cases
August 22, 2024
Cravath represented QUALCOMM Incorporated in connection with its $4 billion revolving credit. QUALCOMM Incorporated is a global leader in the development and commercialization of foundational technologies for the wireless industry. The transaction closed on August 8, 2024.
Deals & Cases
June 16, 2017
On June 16, 2017, the Delaware Court of Chancery dismissed a stockholder derivative lawsuit brought against current and former directors and officers of Qualcomm Incorporated alleging, among other claims, that defendants breached their fiduciary duties by allegedly failing to prevent purported FCPA violations by the company. In granting the dismissal, Vice Chancellor Tamika R. Montgomery‑Reeves held that the complaint did not plead sufficient facts to infer that the individual defendants had acted in bad faith or that the directors faced a substantial likelihood of personal liability such that plaintiffs’ failure to make a demand on the board to bring a suit was excused.
Deals & Cases
September 08, 2011
On September 6, 2011, the U.S. Judicial Panel on Multidistrict Litigation granted Cravath client Qualcomm Inc.’s request to centralize 11 lawsuits over PJC Logistics LLC’s vehicle tracking patent in Minnesota Federal Court. PJC alleged that certain mobile fleet management products manufactured by Qualcomm, and installed on hundreds of thousands of trucks and other vehicles, infringe U.S. Patent No. 5,223,844. In March 2011, PJC brought actions in nine district courts against hundreds of customers of fleet management products. In April 2011, Qualcomm filed a declaratory judgment action in the District of Minnesota alleging that the patent is invalid and not infringed by Qualcomm’s products. PJC subsequently filed additional infringement actions against Qualcomm and other suppliers of allegedly infringing fleet management systems in Texas. Qualcomm moved the Judicial Panel on Multidistrict Litigation to transfer all the actions to the District of Minnesota for coordinated pre-trial proceedings. After oral argument in July 2011, Qualcomm’s motion was granted.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.