We advised the agent and lenders on the financing

Davis Polk advised the joint bookrunners and joint lead arrangers on a $1.425 billion senior secured term loan B facility and a $1.2 billion asset-based revolving facility, in connection with Apollo Global Management’s acquisition of Arconic Corporation.

Apollo Global Management is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, New Delhi, Singapore, Hong Kong, Shanghai, Tokyo and Sydney.

Arconic Corporation, headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products, that advance the ground transportation, aerospace, building and construction, industrial and packaging end markets.

The Davis Polk finance team included partner Christopher Nairn-Kim, counsel Ruben N. Henriquez and associates Esam Ibrahim, Daiana Kostova and Anmol Sheth. Partners Michael Kaplan and Hillary A. Coleman provided capital markets advice. Partner Frank J. Azzopardi provided intellectual property advice. Partner Kara L. Mungovan provided tax advice. Partner Adam Kaminsky provided executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.