Simpson Thacher Represents J.P. Morgan and Goldman Sachs Lending Partners in New Senior Secured Credit Facilities for ConvaTec Healthcare
01.03.11
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Simpson Thacher represented J.P. Morgan and Goldman Sachs Lending Partners LLC as lead arrangers, in connection with new senior secured credit facilities in an aggregate amount of approximately $1.4 billion (U.S. dollar equivalent) for ConvaTec Healthcare (“ConvaTec”) consisting of (i) a $500 million term loan facility, (ii) a €550 million term loan facility and (iii) a $250 million revolving credit facility. Proceeds from the credit facilities, along with proceeds from the issuance of new senior notes were used to refinance the company’s existing credit facilities and repay other indebtedness.
ConvaTec is a leading developer and marketer of innovative medical technologies. From its operational headquarters in Skillman, New Jersey, the company conducts business in over 100 countries, serving consumers and their health care professionals on six continents.
The Simpson Thacher team included: Justin Lungstrum, Kevin Rubinstein, Brandon Mason and Yaron Nili (Banking and Credit), Stephen Short and Richard Rees of the London office (Finance), Art Robinson and Viktor Sapezhnikov (Capital Markets), Amie Broder (Tax), Mardi Merjian and Heesun Kang (Real Estate), Susan Kaufman and Aimee Adler (Executive Compensation and Employee Benefits), Parijat Sharma (Intellectual Property), Michael Isby (Environmental), Erik Hepler and Jonathan Pall (Collateral) and Elisha Graff (Bankruptcy). Paralegals Matthew Glasser, Tiffany Vacca and Jason Mull also provided valuable assistance.