Simpson Thacher is representing JPMorgan Chase Bank, N.A. (“JPMorgan”) and Wells Fargo Bank, National Association (“Wells Fargo”) in providing $1.1 billion of committed financing for the announced $2.2 billion acquisition of Steelcase Inc. (“Steelcase”) by HNI Corporation (“HNI”).
HNI is a manufacturer of workplace furnishings and residential building products and has been improving where people live, work, and gather for more than 75 years. Steelcase is a global design and thought leader in the world of work. Along with more than 30 creative and technology partner brands, it researches, designs and manufactures furnishings and solutions for many of the places where work happens — including offices, homes, and learning and health environments.
The Simpson Thacher team includes Dan Kay, Robert Meyer, Sophie Skinner and Colin Manchester (Credit); David Azarkh, Evan Zuckerman and Sofia Elkina (Capital Markets); and Malik Ladhani, Haley O’Connor and Richard Kenny (M&A).