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Twitter $1 Billion Revolving Credit Facility

11 Nov 2013

Davis Polk advised Morgan Stanley Senior Funding, Inc., as administrative agent and joint lead arranger, in connection with a $1 billion senior unsecured revolving credit facility provided to Twitter, Inc.

Founded in 2006 in San Francisco, California, Twitter is a real-time information network with over 500 million registered users worldwide that connects users to the latest stories, ideas, opinions and news. Twitter enables its users to send and read text-based messages of up to 140 characters, known as tweets. Twitter provides a compelling and efficient way for people to stay informed about their interests, discover what is happening in their world right now and interact directly with each other. On October 3, 2013, Twitter filed its S-1 registration statement with the SEC for an initial public offering of its Class A common stock.

The Davis Polk financing team included partner Jason Kyrwood and associates Mhairi Collins Immermann and Vanessa L Jackson. Partner Rachel D. Kleinberg and associate Catherine Paskoff Chang provided tax advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Counsel Jeanine P. McGuinness provided regulatory advice. Counsel Cynthia Akard provided benefits advice. The intellectual property team included law clerk Natalie A. Thomas. Sonya Jackman was the legal assistant for the transaction. Members of the Davis Polk team are based in the New York, Menlo Park and Washington DC offices.

Matter Type
Banking & Finance - Bank Lending/Credit Facilities
Industry
Finance & Banking
News Category
Banking & Finance
Technology, Media & Telecoms