Best Buy Co., Inc.’s refinancing of its $1.25 billion revolving five-year credit facility

Simpson Thacher represented Best Buy Co., Inc. (NYSE: BBY) in a refinancing of its $1.25 billion revolving five-year credit facility. The new facility replaces an existing facility that was to expire in June 2021.

The new facility replaces an existing facility that was to expire in June 2021.

Best Buy is a leading provider of technology products, services and solutions. The company has operations in the U.S., Canada and Mexico, and has upward of 1.5 billion visitors to its stores, website and app each year. The company, led by Hubert Joly, Corie Barry and Whit Alexander, in 2017 recoreded $42.151 Billion Revenues.

The Simpson Thacher team included Chris Brown (Picture), Jim Doyle and Mark Haddox (Banking and Credit); Rob Holo and Nicole Humphrey (Tax); and Jeanne Annarumma and Eric Wolf (Executive Compensation and Employee Benefits).

 

Involved fees earner: Christopher Brown – Simpson Thacher & Bartlett; James Doyle – Simpson Thacher & Bartlett; Mark Haddox – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Best Buy Co., Inc;

 

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Author: Ambrogio Visconti