Davis Polk advised Computer Sciences Corporation in connection with the addition of $40 million of incremental revolving commitments under CSC’s existing revolving credit facility and a $50 million incremental term loan under CSC’s existing U.S. dollar term loan facility. The addition of the incremental revolving commitments resulted in an increase in the aggregate outstanding size of the revolving credit facility from $2.98 billion to $3.02 billion.
CSC is a global information technology services company with 66,000 employees in more than 60 countries. CSC provides technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens.
The Davis Polk credit team included partner Lawrence E. Wieman and associates Vanessa L. Jackson and Phoebe Jin. All members of the Davis Polk team are based in the New York office.