Davis Polk is advising J.P. Morgan Securities LLC, Morgan Stanley Senior Funding, Inc., Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners and JPMorgan Chase Bank, N.A. as administrative agent, in connection with (i) a $61 billion unsecured bridge loan facility, (ii) a $12 billion unsecured term loan facility and (iii) a $2 billion unsecured revolving credit facility for Verizon Communications Inc. in connection with its acquisition of Vodafone Group Plc’s 45% stake in the Cellco Partnership d/b/a Verizon Wireless joint venture.

Verizon Communications Inc., headquartered in New York, is one of the world’s leading providers of communications, information and entertainment products to consumers, businesses and governmental agencies. Vodafone Group Plc, headquartered in London, is the world’s second-largest mobile telecommunications company. Verizon Wireless is the largest wireless service provider in the United States.

The Davis Polk financing team includes partner Jason Kyrwood, associates J.W. Perry and Yitz Segal and law clerk Adam B. VanWagner. The tax team includes partners Michael Mollerus and Harry Ballan and associate Adam B. Perry. Counsel Jeanine P. McGuinness is advising on various regulatory matters. Counsel Ann Becchina is providing ERISA advice. Partners Jonathan Cooklin, Will Pearce and Simon Witty are providing English law advice. Katherine S. Stewart is the legal assistant on the transaction. Members of the Davis Polk team are based in the New York, Washington DC and London offices.