Latham Advises on Databricks’ US$5.25 Billion Credit Facilities

Databricks, the data and AI company, announced it has closed US$5.25 billion credit facilities led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley, with participation from other leading financial institutions and private credit lenders. The credit facilities include a US$2.5 billion revolver and a US$2.75 billion term loan.

Latham & Watkins LLP represented the lenders in the debt financing transaction with a banking team led by New York partners Corey Wright and Lisa Collier, with associates Tulika Sinha, Michaela Bolden, and Amber Morrow. Advice was also provided on corporate and due diligence matters by New York partner Benjamin Cohen, with associates Zoey Wu and Emma Fichtel; and on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte.