Davis Polk advised the sole lead arranger, sole bookrunner and administrative agent in connection with arranging a $1.85 billion term loan for Cox Enterprises, Inc., the parent company of Cox Automotive, Inc. The financing is provided to support Cox Automotive’s $4 billion acquisition of Dealertrack Technologies, Inc.

Cox Automotive is a leading provider of digital marketing, wholesale and e-commerce solutions across the automotive industry. In addition to Kelley Blue Book, its brands include Autotrader and Manheim. Dealertrack Technologies is a leader in software solutions and services for automotive retailers.

The Davis Polk finance team includes partner Jason Kyrwood, associates Darren Mahone and Samantha Hait. Counsel Jeanine P. McGuinness and associate Britt Mosman are advising on certain regulatory matters. Members of the Davis Polk team are based in the New York and Washington DC offices.

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