Walgreens Boots Alliance $3.5 Billion Revolving Credit Facility

Davis Polk advised the administrative agent in connection with the refinancing of the $3.5 billion revolving credit facility for Walgreens Boots Alliance, Inc. This facility will be available for general corporate purposes.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the United States and Europe. It has a portfolio of retail and business brands, including Walgreens, Duane Reade, Boots and Alliance Healthcare as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics. Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The Davis Polk finance team included partner Jeong M. Lee and associates Omar Raddawi and William Son. Partner Michael Farber provided tax advice. Counsel Charles Shi provided executive compensation advice. Counsel Will Schisa provided OFAC and sanctions advice. Members of the Davis Polk team are based in the New York and Washington DC offices.