Fenwick Represents Databricks in its $5.25 Billion Credit Facility and Completion of $10 Billion Series J Financing

Fenwick represented Databricks, a data and AI company, in a $5.25 billion credit facility and the completion of its recently announced record-breaking $10 billion Series J financing, believed to be the largest venture capital financing round of all time. The credit facility was led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs and Morgan Stanley, with participation from other leading financial institutions and asset managers.

Databricks plans to use the funds from the credit facility and the Series J financing to invest in new AI products, future acquisitions and expansion of its international operations. More information can be obtained from Databricks’ announcement.

The Fenwick transaction team includes corporate partners Michael Brown, David Bell and Ari Haber and associates Joon Hwan Kim, Leeza Soulina, Stephanie Maynes Aldous and Jazmin Perez; and debt finance partner David Michaels and associate Eric Cheng.