We advised the joint lead arrangers and the administrative agent on the facility

Davis Polk advised the joint lead arrangers, joint bookrunners and administrative agent in connection with an amendment to Snap Inc.’s existing $1.05 billion revolving credit facility to refinance and extend the maturity date of $800 million of revolving commitments to February 12, 2030, and amend certain other terms. 

Founded in 2011, Snap Inc. is a camera and social media company based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles and Bitmoji.

The Davis Polk finance team included partner James A. Florack, counsel Bernard Tsepelman and associate Hye-Jin Kim. All members of the Davis Polk team are based in the New York office.

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