Davis Polk advised the administrative agent, joint lead arrangers and joint bookrunners in connection with a $300 million asset-based revolving credit facility for Chewy, Inc. The proceeds of the facility will be used for working capital and general corporate purposes.
Chewy is the largest pure-play pet online retailer in the United States. Its mission is to be the most trusted and convenient online destination for pet parents everywhere. Chewy partners with more than 1,600 of the best and most trusted brands in the pet industry to bring a high-bar, customer-centric experience to its customers.
The Davis Polk finance team included partners Monica Holland and Kenneth J. Steinberg, counsel David Hahn and associates Kelsey Avery and Michael P. Raymond. The tax team included partner David H. Schnabel and associate Tomislava Dragicevic. The environmental team included counsel Loyti Cheng. Partner Pritesh P. Shah provided intellectual property and technology advice. Counsel Sangeeta Reddy provided real estate advice. All members of the Davis Polk team are based in the New York office.