DowDuPont’s $12 Billion of Credit Facilities

Cravath represented JPMorgan Chase Bank, N.A., as administrative agent and lead arranger, in connection with the arrangement of $12 billion of credit facilities made available to DowDuPont Inc. and its soon to be spun‑off subsidiary Corteva.

This transaction is in connection with DowDuPont’s announced separation into three public companies. The facilities consisted of a $3 billion five-year revolving credit facility, a $3 billion three-year revolving credit facility, a $3 billion revolving credit facility and a $3 billion term loan facility. The transaction closed on November 12, 2018.

The Cravath team included partner Tatiana Lapushchik (Picture), senior attorney Kimberly A. Grousset and associates Matthew S. Weiner and Michael W. Fahner on banking matters, and associate Damien J. Rose on tax matters.

 

Involved fees earner: Tatiana Lapushchik – Cravath Swaine & Moore; Kimberly A. Grousset – Cravath Swaine & Moore; Matthew Weiner – Cravath Swaine & Moore; Michael Fahner – Cravath Swaine & Moore; Damien Rose – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: JPMorgan Chase & Co.;