March 3, 2020
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to perform and, accordingly, have not performed, any independent review or investigation of any statutes, ordinances, laws, regulations, agreements, contracts, instruments, corporate records, orders, writs, judgments, rules or decrees to which the Company may be a party or to which the Company or any property thereof may be subject or bound. The opinions expressed below are made in the context of the foregoing.
Based on the foregoing, we are of the opinion that the Securities have been duly authorized and constitute valid and legally binding obligations of the Company, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.
In rendering this opinion letter, we do not express any opinion concerning any law other than the law of the Commonwealth of Pennsylvania and we do not express any opinion concerning the application of the “doing business” laws or the laws of any other jurisdiction. Additionally, in rendering this opinion letter, we have assumed all matters related to the laws of the State of New York and the Federal laws of the United States. With respect to all matters of the laws of the State of New York and the Federal laws, we note that you received an opinion, dated March 3, 2020, of Sullivan & Cromwell LLP.
We do not express any opinion on any issue not expressly addressed above.
We assume no obligation to advise you of any changes in the foregoing subsequent to the delivery of this opinion letter. This opinion letter is rendered for the sole benefit of the addressees hereof, and no other person is entitled to rely hereon. Copies of this opinion letter may not be furnished to any other person, nor may any portion of this opinion letter be quoted, circulated or referred to in any other document, without our prior written consent.
We consent to the filing of this opinion as an exhibit to the Registration Statement and to a Current Report on Form8-K being filed on the date hereof and incorporated by reference into the reference to our name in the prospectus contained in the Registration Statement, or prospectus supplements with respect thereto filed pursuant to Rule 424, under the heading “Validity of Notes”.
In rendering the foregoing opinion, we are not passing upon, and assume no responsibility for, any disclosure in any registration statement or any related prospectus or other offering material relating to the offer and sale of the Securities.
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