Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with the financing for the acquisition of AMCOL International Corporation by Minerals Technologies Inc. The financing consists of a $1.56 billion senior secured term loan facility and a $200 million senior secured revolving credit facility.
New York-based Minerals Technologies Inc. is a resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of $1.02 billion in 2013. AMCOL International Corporation, headquartered in Hoffman Estates, Illinois, produces and markets a wide range of specialty minerals and materials used for industrial, environmental and consumer-related applications.
The Simpson Thacher team included Patrick Ryan, Jessica Tuchinsky and Isaac Gruber (Credit); Mark Chorazak (Bank Regulatory); Janet Nadile and Jonathan Pall (Collateral); Solomon Bashi and Phong Quan (Derivatives); Timothy Mulvihill (Environmental); Jeanne Annarumma and Patricia Adams (Executive Compensation and Employee Benefits); Samantha Himelman and Anjali Kulkarni (Intellectual Property); Mardi Merjian (Real Estate) and Adam Wells (Tax).