Davis Polk advised the joint lead arrangers and bookrunners and the administrative agent in connection with a new $1.5 billion five-year revolving credit facility for Applied Materials Inc. to be used for general business purposes.

Applied Materials is the global leader in providing innovative equipment, services and software to the semiconductor, flat panel display and solar photovoltaic industries.

The Davis Polk financing team included partner James A. Florack and associates Rustin M. Brown and Jennifer (Yujia) Jiang. Partner Rachel D. Kleinberg and associate Anthony L. Oliva provided tax advice. Counsel Jeanine P. McGuinness provided regulatory advice. Members of the Davis Polk team are based in the New York, Washington DC and Northern California offices.

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