Kellogg’s $2.5 Billion of Credit Facilities

Cravath represented JPMorgan Chase Bank, N.A. in connection with the arrangement of $2.5 billion of credit facilities made available to Kellogg Company for general corporate purposes.

The facilities included a $1.5 billion five-year revolving credit facility and $1 billion 364-day revolving credit facility. The transaction closed on January 30, 2018.

Kellogg Company manufactures and markets ready-to-eat cereal and other convenience foods. The company, led by John A Bryant, Steven A Cahillane and Gary H Pilnick, in 2017 recorded $17 Billion Revenues.

The Cravath team included partner Tatiana Lapushchik (Picture) and associates Amber Lam and Joshua S. Aronoff.

 

Involved fees earner: Tatiana Lapushchik – Cravath Swaine & Moore; Amber Lam – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: JPMorgan Chase & Co.;

 

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Author: Ambrogio Visconti