Weight Watchers International’s $1.69 Billion of Senior Secured Credit Facilities

Cravath represented JPMorgan Chase Bank, N.A. in connection with the arrangement of $1.69 billion of senior secured credit facilities made available to Weight Watchers International, Inc., a leading commercial provider of weight management services. The facilities included a $1.54 billion term loan facility and a $150 million revolving credit facility. The transaction closed on November 29, 2017.

The Cravath team included partner George E. Zobitz, senior attorney Kimberly A. Grousset and associate Adam M. Sanchez on banking matters; associate Kiran Sheffrin on tax matters; and associate Peretz Riesenberg on executive compensation and benefits matters. Rebecca L. Fine also worked on tax matters and Alison E. Beskin worked on executive compensation and benefits matters.