Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 09-05-2011 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Applied Materials Inc. acquisition financing | Industry: | Technology Hardware & Equipment |
| Description: |
Davis Polk advised J.P. Morgan Securities LLC, Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc. as joint lead arrangers and bookrunners and JPMorgan Chase Bank, N.A. as administrative agent in connection with a $2 billion senior bridge term loan facility for Applied Materials Inc. to finance its acquisition of Varian Semiconductor Equipment Associates Inc., and in connection with a $1.5 billion four-year revolving credit facility for Applied Materials Inc. to be used for general business purposes.
Applied Materials is the global leader in providing innovative equipment, services and software to the semiconductor, flat panel display and solar photovoltaic industries. Varian Semiconductor Equipment Associates, Inc. designs, manufactures, and services semiconductor processing equipment used in the fabrication of integrated circuits.
The Davis Polk financing team included partner Bradley Y. Smith and associates Tenley Laserson Chepiga and Gina Y. Pak. All members of the Davis Polk team are based in the New York office.
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| Financial Center: | New York | Value: | 0.00-100.00 |
| Advised Party: | Lender | Law Firm | Davis Polk |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | Bradley Y Smith |
