Davis Polk Advises Ingram Micro on $675 Million Revolving Financing Program
Davis Polk advised Ingram Micro Inc. and Ingram Funding Inc. in amending Ingram Micro’s revolving trade account receivable-backed financing program to increase availability and extend its maturity date to April 13, 2018.
Ingram Micro Inc. is the largest wholesale technology distributor, by net sales as of the end of 2013, and a global leader in supply-chain management and mobile device lifecycle services, providing sales, marketing and logistics services for the IT industry worldwide.
The Davis Polk corporate team included partners Meyer C. Dworkin and Joseph P. Hadley, and associate Kate M. Supnik. Partner Rachel D. Kleinberg provided tax advice. Members of the Davis Polk team are based in the New York and Menlo Park offices.
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