Davis Polk advised Ingram Micro Inc. in connection with an amendment and extension to its existing $940 million senior unsecured revolving credit facility. Among other things, the amendment adds an additional borrower to the facility, authorizes the borrowers to upsize the facility by up to an additional $310 million and extends the maturity date of the facility. The Bank of Nova Scotia served as administrative agent for the facility.
Based in Santa Ana, California, Ingram Micro, a Fortune 100 company, is the largest global information technology wholesale distributor by net sales, providing sales, marketing and logistics services for the IT industry.
The Davis Polk credit team included partner Meyer C. Dworkin, associate Samantha Hait and law clerk Adam B. VanWagner. Richard A. Harrison was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.