Simpson Thacher represented Nalco Company in the issuance of $500 million of 8¼% Senior Notes due 2017 and the negotiation of a new credit agreement providing a $250 million revolving credit facility and a $750 million term loan facility. The deal closed on May 13, 2009. Nalco Company will use the net proceeds to repay term loans under its existing credit facility and to redeem a portion of its existing senior notes.
Nalco is the world’s leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to its customers.
The Simpson Thacher team included Richard Fenyes, Justin Cooke, Camille Boulanger and paralegal Michael Riordan (Capital Markets); Alden Millard, Tony McMahon, Whitney Jordan, Samantha Braunstein and paralegal Matt Glasser (Credit); Mardi Merjian and Frank Giovinazzo (Real Estate); Crystal Frierson (IP); Jason Vollbracht and Jonathan Goldstein (Tax); Mike Isby and Noreen Lavan (Environment); and Jeanne Annarumma, Jamin Koslowe and Paula Han (Executive Compensation & Employee Benefits).