Walmart’s $14 Billion of Credit Facilities
June 15, 2016
Cravath represented JPMorgan Chase Bank, N.A. and Citibank, N.A., as arrangers and administrative agents in connection with approximately $14 billion of credit facilities made available to Wal‑Mart Stores, Inc. for general corporate purposes. The facilities included a $1.76 billion letter of credit facility under which both fronted and syndicated letters of credit are available, a $5 billion five‑year credit facility and a $7.5 billion 364‑day credit facility. The transactions closed on June 1, 2016.
The Cravath team included partner James D. Cooper and associates Mathew J. Saur and Saarah Woodby on banking matters and associate Damien J. Rose on tax matters. Summer associate Carys Johnson also worked on this matter.
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J.D., 1979, Yale Law School
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A.B., 1976, University of ChicagoPhi Beta Kappa, summa cum laude
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