News & Announcements

Weil Represents Citi on Committed Financing for Becton Dickinson’s Acquisition of C.R. Bard

Weil represented Citi in providing fully committed financing to Becton Dickinson, a leading global medical technology company, for its $24 billion acquisition of C.R. Bard, Inc., a medical technology leader in the fields of vascular urology, oncology and surgical specialty products.

The Weil team advising Citi was led by Banking & Finance partner Morgan Bale and Capital Markets partner Faiza Rahman, and included M&A partner Raymond Gietz; Regulatory counsel John O’Loughlin (Washington, D.C.); Banking & Finance associates Anne Ford and Catherine Kim (not yet admitted to practice); Capital Markets associates Campbell Agyapong and Jason Lim (not yet admitted to practice); M&A associate Jesse Sacks; Regulatory associate Timothy Welch (Washington, D.C.); and Patent Litigation associate Joanna Schlingbaum (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:

  • 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 committed 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.
  • Goldman Sachs in an $8 billion committed bridge facility to finance the approximately $15 billion cash and stock acquisition by Great Plains Energy Incorporated, a provider of electricity in the Midwest United States, of Westar Energy Inc., at the time the largest electric utility in Kansas.
  • RBC Capital Markets and Mizuho Bank in providing committed bridge financing for the approximately $4.4 billion combination of Dominion Resources, Inc., one of the largest producers and transporters of energy in the United States, and Questar Corporation, a natural gas distribution, pipeline, storage and cost-of-service gas supply company based in Salt Lake City, Utah.