Legg Mason’s $1 Billion Revolving Credit Facility

Cravath represented Citibank, N.A., as arranger and administrative agent, in connection with the arrangement of a $1 billion revolving credit facility made available to Legg Mason, Inc., a leading global investment company. The transaction closed on December 29, 2015.

The Cravath team included partners B. Robbins Kiessling and Stephen M. Kessing and associate Trevor C. Lynch on banking matters and partner J. Leonard Teti II and associates Dmitry Zelik and Damien J. Rose on tax matters. Zachary L. Profant also worked on banking matters.