Simpson Thacher Represents JPMorgan and Barclays in $1.725 Billion Syndicated Credit Facility for Cargill
The Firm represented JPMorgan Chase Bank and Barclays Capital as the lead arrangers in connection with the closing of a $1.725 billion syndicated credit facility for Cargill, Incorporated and its affiliate Cargill Global Funding PLC. The new facility refinances and replaces Cargill’s existing $1.5 billion syndicated credit facility.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. In fiscal year 2009, Cargill had $116.6 billion in sales and other revenues.
The Simpson Thacher team included Patrick Ryan and Daniel Kay (Credit); Jonathan Goldstein and Danny Salinas (Tax); Jamin Koslowe (Executive Compensation and Employee Benefits); paralegal Christopher Stone also provided valuable assistance.