Simpson Thacher represented Stonepeak Nile Parent LLC (the “Issuer”) d/b/a Air Transport Services Group, Inc. (“ATSG”), a wholly-owned subsidiary of the Issuer, in connection with the Issuer’s offering of an additional $125 million aggregate principal amount of 7.250% Senior Secured Notes due 2032. The notes were issued as additional notes under the same indenture governing the Issuer’s $500 million aggregate principal amount of 7.250% Senior Secured Notes due 2032 initially issued on February 18, 2025. Concurrently with the issuance of the notes, the Issuer also incurred an additional $125 million of incremental term loans under its existing credit facility.
ATSG is a leading provider of air cargo transportation and related services to large, blue-chip companies and organizations and is the world’s largest owner of converted Boeing 767 freighter aircraft.
The Simpson Thacher team included Ryan Bekkerus, Richie Ragusa, Andrene Loiten and Manuel Alvarez (Capital Markets); Brian Gluck, Patrick Wolff, Khalia Williams and Grace Lim (Credit); Jon Pall (Collateral); Jonathan Goldstein, Jacqueline Clinton, Michael Mann, Ruoxi Zhang and Paul Jansch (Tax); Tristan Brown, Gillian Emmet Moldowan, Erica Rozow, George M. Gerstein, Allison M. Sutherland and Caitlin McGuire (Executive Compensation and Employee Benefits); Courtney Welshimer, Matthew Richardson and Chandler Gerard-Reimer (Intellectual Property) and Steven DeLott (Insurance).