Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 27-01-2012 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Finance for acquisition of Solutia Inc | Industry: | Chemicals |
| Description: |
Davis Polk is advising Citigroup Global Markets Inc. and Barclays Capital as joint lead arrangers and joint physical bookrunners of a $3.5 billion senior unsecured bridge loan facility for Eastman Chemical Company, in connection with its acquisition of Solutia Inc.
Headquartered in Kingsport, Tennessee, Eastman Chemical is a leading manufacturer of chemicals, fibers and plastics, with approximately 10,000 employees worldwide. In 2011, the company had sales of $7.2 billion. Solutia is a market-leading performance materials and specialty chemicals company, whose products are incorporated into aftermarket window films, laminated glass products and suspended insulated glass units for use in automotive and architectural applications. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,400 employees in more than 50 worldwide locations.
The Davis Polk team included partner Jason Kyrwood and associates Xin Yu and Samantha Hait (admitted only in New Jersey). All members of the Davis Polk team are based in the New York office.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Lender | Law Firm | Davis Polk |
| Borrower Jurisdiction: | United States | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | Jason Kyrwood |
