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Weil Advised on $13.7B Bridge Financing for Amazon’s Acquisition of Whole Foods

Weil advised Goldman Sachs and another major financial institution in providing $13.7 billion committed bridge financing to Amazon for its acquisition of Whole Foods Market, Inc.

The Weil team was led by Banking & Finance partner Morgan Bale and Capital Markets partner Faiza Rahman; and includes Banking & Finance partner Heather Viets; M&A partner Raymond Gietz; Tax partner William Horton; Patent Litigation partner Anne Cappella (Silicon Valley); Banking & Finance associate Jacqueline Oveissi; Capital Markets associates Meera Sitaram, Melanie Walker and Jonathan Goltser; M&A associate Giancarlo Ruscio (not yet admitted to practice); Regulatory associate Timothy Welch (Washington, D.C.); Tax associate William Dong (Dallas); and Patent Litigation associate Brian Chang (Silicon Valley) (all in New York unless otherwise specified).

This transaction is the latest in a series of high profile investment grade bridge financings Weil has been involved in. Other recent matters include representing:

  • Morgan Stanley as sole lead arranger and sole lead bookrunner in a $4.5 billion committed bridge facility, and as lead arranger and bookrunner in $3.3 billion term and revolving facilities, for Tyson Foods, Inc., a producer and distributor of chicken, beef, pork, prepared foods and related products, to finance its $4.2 billion merger with AdvancePierre Foods Holdings, Inc., a producer and distributor of ready-to-eat sandwiches, sandwich components and other entrées and snacks, and for general corporate purposes.
  • Citi, as sole lead arranger and sole lead bookrunner in a $15.7 billion committed bridge facility, and as lead arranger and bookrunner in $4.5 billion term and revolving working capital facilities, for Becton, Dickinson and Company (BD), a medical technology company, to support BD's $24 billion acquisition of C. R. Bard Inc., a medical equipment maker specializing in the manufacture of vascular, urology, oncology, and surgical specialty products.
  • Goldman Sachs, Deutsche Bank and JPMorgan Chase, as joint lead arrangers and joint bookrunners, in £12.2 billion bridge financing to support Twenty-First Century Fox, Inc., a producer and distributor of motion pictures and television programming, music, radio broadcasting, and sports, in its pending approximately £11.7 billion acquisition of all the share capital it does not already own of Sky plc (United Kingdom), a provider of a pay television broadcasting services across Europe and, in addition, of broadband and telephone services in the United Kingdom and the Republic of Ireland.
  • Morgan Stanley in $3.1 billion bridge financing to support the $4.3 billion acquisition by Parker Hannifin Corporation, a manufacturer of motion and control technologies and systems, of CLARCOR Inc., a diversified marketer and manufacturer of mobile, industrial and environmental filtration products.

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