Davis Polk advised Computer Sciences Corporation (CSC) in connection with its $2.5 billion revolving credit facility agented by Citibank, N.A., which matures on January 15, 2019. The facility permits borrowings both by CSC and certain foreign subsidiaries in U.S. dollars, euros, pounds sterling and, subject to a maximum amount equal to the U.S. dollar equivalent of $500 million, Japanese yen, Australian dollars and Singaporean dollars and allows, on an uncommitted basis, for an increase of the facility up to $3 billion.

CSC is a global provider of information technology and professional services and solutions. Founded in 1959, CSC helps develop and integrate IT assets in support of operational efficiency and other business objectives. CSC has 90,000 employees and approximately 2,500 clients in more than 70 countries, including commercial enterprises, the U.S. federal government, as well as state, local and non-U.S. government agencies. CSC is based in Falls Church, Virginia, with additional offices in the United Kingdom, Australia and Singapore.

The Davis Polk credit team included partner Lawrence E. Wieman, associate Jonathan B. Brown and law clerk Colleen Blanco. Partner Michael Mollerus and associate Ameya V. Bapat provided tax advice. Counsel Jeanine P. McGuinness advised on OFAC matters. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. Counsel Erin K. Cho advised on ERISA matters. The intellectual property team includes partner Frank J. Azzopardi and law clerk Natalie A. Thomas. Karen S. Cottrell was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and Washington DC offices.