Verizon Communications’ $25 Billion Credit Facility

Cleary Gottlieb represented Verizon in the transaction.

Verizon Communications Inc. (Verizon) completed a $25 billion delayed draw term loan. That transaction closed on February 24, 2021.

Verizon is one of the world’s leading providers of technology, communications, information and entertainment products and services.

The Cleary finance team on the credit agreement included partners Duane McLaughlin (Picture) and Katie Reaves, associate Lucas Hildebrand, and law clerk Anirudh Sivaram. Partner Jason Factor, senior attorney David Stewart Fisher, and associate Hunter McWinn provided tax advice. Counsel Mary Alcock advised on employment and benefits matters. Counsel Chase Kaniecki and associate Nate Kurcab advised on sanctions matters. 

Involved fees earner: Mary Alcock – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Lucas Hildebrand – Cleary Gottlieb Steen & Hamilton; Chase Kaniecki – Cleary Gottlieb Steen & Hamilton; Nathanael Felix Kurcab – Cleary Gottlieb Steen & Hamilton; Duane McLaughlin – Cleary Gottlieb Steen & Hamilton; Hunter McWinn – Cleary Gottlieb Steen & Hamilton; Katherine Reaves – Cleary Gottlieb Steen & Hamilton; David Stewart Fisher – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Verizon Communications;

Author: Martina Bellini