DraftKings Inc.’s Credit Facility

Cravath represented Morgan Stanley, as administrative agent, joint lead arranger, joint bookrunner and collateral agent, in connection with a $500 million revolving credit facility made available to DraftKings Inc. and certain of its subsidiaries. DraftKings Inc. operate as a digital sports entertainment and gaming company in the United States and internationally. The transaction closed on November 7, 2024.

The Cravath team included partners Joseph D. Zavaglia and Matthew M. Kelly and associates Fay E. Faught and Alexander Williams-Pratt.