We advised the agent and lenders on the facility

Davis Polk advised the administrative agent, joint lead arrangers and joint bookrunners in connection with a maturity extension and repricing of a $3 billion five-year senior unsecured revolving credit facility provided to Lockheed Martin Corporation. The company will use the proceeds of the facility for general corporate purposes.

Lockheed Martin is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Lockheed Martin serves both U.S. and international customers with products and services that have defense, civil and commercial applications, with its principal customers being agencies of the U.S. government.

The Davis Polk finance team included partner James A. Florack and associates Chinelo Krystal Okonkwo, Duan Xu and Max Berman. All members of the Davis Polk team are based in the New York office.

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