We advised the agent and lenders on the $2.25 billion revolving credit facility and $3 billion revolver maturity extension

Davis Polk advised the administrative agent and joint lead arrangers and joint bookrunners in connection with a $2.25 billion 364-day revolving credit facility and a maturity extension of a $3 billion five-year senior unsecured revolving credit facility, each provided for Lockheed Martin Corporation. The company will use the proceeds of the facilities 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. It 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 associate Blair (Jiaxin) Shi. The sanctions team included counsel Will Schisa. Members of the Davis Polk team are based in the New York and Washington DC offices.

Copy link to share post