Walmart’s Credit Facilities

Cravath represented JPMorgan Chase Bank, N.A. and Citibank, N.A., as arrangers and administrative agents in connection with approximately $17 billion of credit facilities made available to Wal‑Mart Stores, Inc. for general corporate purposes. The facilities included a $1.96 billion letter of credit facility under which both fronted and syndicated letters of credit are available, a $6 billion five‑year credit facility and a $9 billion 364‑day credit facility. The transactions closed on June 3, 2015.

The Cravath team included partner James D. Cooper and associate Matthew J. Saur.