We advised the agent on the facility

Davis Polk is advising the administrative agent, the collateral agent and the funding coordinator in connection with a $275 million superpriority secured DIP-to-exit term loan credit facility for Lumileds Holdings B.V. and certain of its subsidiaries (collectively, “Lumileds”). Lumileds filed for chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York on August 29, 2022, and sought approval of the DIP financing on August 30, 2022. On August 31, 2022 the Court entered an interim order approving the DIP financing.

Lumileds is a global leader in OEM and aftermarket automotive lighting and accessories, camera flash for mobile devices, MicroLED, and light sources for general illumination, horticulture and human-centric lighting. Its approximately 7,000 employees operate in over 30 countries and partner with customers to deliver never before possible solutions for lighting, safety and well-being.

The Davis Polk restructuring team includes partners Darren S. Klein and Eli J. Vonnegut and associates Samuel Wagreich and Amber Leary. The finance team includes partner Kenneth J. Steinberg, counsel Sanders Witkow and associates Charlie Russak and Sam Dilthey. All members of the Davis Polk team are based in the New York office.