Cravath Advises Weyerhaeuser on $1.75 Billion Credit Facility

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Posted: 15th July 2025

Natalie Sherman

Cravath Advises Weyerhaeuser on $1.75 Billion Credit Facility.

Cravath, Swaine & Moore LLP advised Weyerhaeuser Company on its new $1.75 billion five-year senior unsecured Amended and Restated Revolving Credit Facility Agreement, which closed on June 30, 2025.

The updated facility replaces Weyerhaeuser’s previous $1.5 billion credit line and will mature on June 30, 2030. Proceeds may be used for general corporate purposes, including working capital, debt refinancing, acquisitions, stock repurchases, and capital expenditures.

The agreement includes covenants requiring Weyerhaeuser to maintain a minimum total adjusted shareholders’ equity of $3.0 billion and a maximum funded debt ratio of 65%, supporting the company’s focus on financial stability and operational flexibility.

The Cravath team advising Weyerhaeuser included partner Tatiana Lapushchik and associate Kiyon Hahm on banking matters; partner Andrew T. Davis and associate Ruth Goldstein Schapiro on tax matters; and partner Matthew Morreale on environmental matters.

Weyerhaeuser Company is one of the world’s largest private owners of timberlands, headquartered in Seattle, Washington. Founded in 1900, the company manages approximately 12.4 million acres of timberlands in the United States and holds long-term licenses covering about 14 million acres in Canada. Operating as a real estate investment trust (REIT), Weyerhaeuser focuses on sustainably growing and harvesting trees, manufacturing and distributing wood products, and managing surface and subsurface land assets such as mineral rights and energy leases. Employing around 9,000 people globally, the company emphasizes sustainable forestry, long-rotation harvesting, and renewable land stewardship. Its operations are guided by core values of safety, integrity, sustainability, inclusion, and citizenship, with a vision to be the world’s premier timber, land, and forest products company.

Cravath, Swaine & Moore LLP is a leading U.S. law firm headquartered in New York City, renowned for its historic influence on corporate law and the legal profession. With roots dating back over 200 years, Cravath is known for its elite talent, lockstep model, and work on high-profile matters in capital markets, M&A, litigation, tax, antitrust, and regulatory law. The firm represents major global corporations, financial institutions, and boards in complex, high-stakes transactions and disputes.