Davis Polk advised J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc. as arrangers in connection with the refinancing of Rovi Corporation's senior secured term loan facilities, pursuant to which the outstanding principal amount of loans was increased to approximately $1.2 billion. The obligations under the credit facility are guaranteed by Rovi Corporation and all of its domestic, and certain of its foreign, subsidiaries and secured by substantially all of the assets of Rovi Corporation and the guarantors.

Rovi Corporation is a global leader in digital entertainment technology, providing guidance technology, entertainment data, content protection and content networking technology. Approximately 111 million subscribers and 91 million consumer electronic devices worldwide use Rovi’s guidance technology and Rovi’s content protection technology is on nearly 9 billion DVDs and Blu-ray discs.

The Davis Polk credit team includes partner James A. Florack and associates Peter T. Bazos, Steven Schuh and Charles L. Nail. The tax team includes partner Rachel D. Kleinberg and associate Arie Rubenstein. Courtney J. Mitchell was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.