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News & Insights

Shutterfly’s Increased and Extended Secured Revolving Credit Facility

September 13, 2016

Cravath represented the administrative agent, JPMorgan Chase Bank, N.A., in connection with the arrangement of an increased and extended $200 million secured revolving credit facility made available to Shutterfly, Inc., to be used for general corporate purposes, working capital, capital expenditures and potential acquisitions. The transaction closed on June 10, 2016.

The Cravath team included partner James D. Cooper and associate Renee A. Brutus on banking matters and partner J. Leonard Teti II and associates Dmitry Zelik, Lingfeng Li, Joyce Y. Kim and Ashley May on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Technology
  • Retail

People

Photo
Name
J. Leonard Teti II
Title
Tax
Title
Partner
Email
lteti@cravath.com
Phone
+1-212-474-1896
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    Education

    • J.D., 2005, University of Virginia School of Law
      Order of the Coif
    • A.B., 1999, Princeton University
      with Honors

    Admitted In

    • New York
    Photo
    Name
    James D. Cooper
    Title
    Corporate
    Title
    Retired Partner
    Email
    jcooper@cravath.com
    Phone
    +1-212-474-1999
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      Education

      • J.D., 1979, Yale Law School
      • A.B., 1976, University of Chicago
        Phi Beta Kappa, summa cum laude

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      Cravath represented Weyerhaeuser Company in connection with its $1.75 billion revolving credit facility. Weyerhaeuser Company is one of the world’s largest private owners of timberlands. The transaction closed on June 30, 2025.

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      June 17, 2025

      Coupang, Inc.’s $1.5 Billion Revolving Credit Facility

      Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Coupang, Inc., a leading global technology and commerce company providing retail, restaurant delivery, video streaming and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch. The transaction closed on June 2, 2025.

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      iBanFirst’s Amendment and Restatement of its Senior Facilities Agreement

      Cravath represented iBanFirst, a portfolio company of Marlin Equity Partners, in connection with the amendment and restatement of its senior facilities agreement to implement a new term loan facility. Marlin Equity Partners is a leading global investment firm. The transaction closed on December 19, 2024.

      Deals & Cases

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      DraftKings Inc.’s Credit Facility

      Cravath represented Morgan Stanley, as administrative agent, joint lead arranger, joint bookrunner and collateral agent, in connection with a $500 million revolving credit facility made available to DraftKings Inc. and certain of its subsidiaries. DraftKings Inc. operate as a digital sports entertainment and gaming company in the United States and internationally. The transaction closed on November 7, 2024.

      Cravath Bicentennial

      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.

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