Davis Polk advises lenders on Synchrony Financial $8 billion unsecured term loan facility

Margaret E. Tahyar was part of the team that advised the lenders on the recent $8 billion five-year senior unsecured term loan facility provided to Synchrony Financial

Margaret E. Tahyar

Davis Polk Partner Margaret E. Tahyar was part of the team led by partner Jason Kyrwood that advised the lenders on the recent $8 billion five-year senior unsecured term loan facility provided to Synchrony Financial. The proceeds of the facility will be used to refinance Synchrony’s existing indebtedness and for working capital and general corporate purposes, according to the firm.

JPMorgan Chase Bank, N.A., served as administrative agent, and Barclays Bank PLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, JPMorgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc. and Morgan Stanley Senior Funding, Inc., were joint lead arrangers and joint bookrunners, and BNP Paribas Securities Corp., The Bank of Tokyo-Mitsubishi UFJ, Ltd., HSBC Bank USA, National Association, Mizuho Bank, Ltd., RBC Capital Markets, RBS Securities Inc., Santander Bank, N.A., Societe Generale, Sumitomo Mitsui Banking Corporation, Credit Agricole Corporate and Investment Bank, Fifth Third Bank, Banco Bilbao Vizcaya Argentaria, S.A., ING Bank NV, Intesa San Paolo and Commerzbank AG, New York and Grand Cayman Branches, were co-lead arrangers.

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Amy I. Stickel

Amy I. Stickel has extensive experience covering the legal, financial and pharmaceutical industries as a writer and editor. A past managing editor of Corporate Legal Times and...

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