The Firm represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with the refinancing of Douglas Dynamics, L.L.C.’s existing $100 million ABL credit facility and $275 million term loan B credit facility with a new $225 million term loan A credit facility and $100 million revolving credit facility. Douglas Dynamics, Inc. is a guarantor under this facility.
Douglas Dynamics, Inc. is North America’s premier manufacturer and upfitter of commercial work truck attachments and equipment.
The Simpson Thacher team for the transaction included Patrick Ryan, Benjamin Persina, Christine Marshall, Andrea Valdes and Taylor Nefussy (Credit); Sophie Staples and Stefan Golubovic (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Bobbie Burrows (Intellectual Property); Dennis Loiacono (Real Estate); and Michael Isby (Environmental).