Occidental Petroleum’s $3 Billion Senior Unsecured Revolving Credit Facility

Cravath represented JPMorgan Chase Bank, N.A. in connection with the arrangement of a $3 billion five?year senior unsecured revolving credit facility made available to Occidental Petroleum Corporation

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas. The company, led by Vicki A Hollub, Cedric W Burgher and Kenneth Dillon, in 2017 recorded $13 Billion Revenues.

The facility will be used to refinance existing indebtedness and for general corporate purposes. The transaction closed on January 31, 2018.

The Cravath team included partner Tatiana Lapushchik (Picture) on banking matters. P. Purun Cheong also worked on banking matters and Leon B. Dalezman worked on tax matters.

 

Involved fees earner: Tatiana Lapushchik – Cravath Swaine & Moore; Leon Dalezman – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: JPMorgan Chase & Co.;

 

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Author: Ambrogio Visconti