Simpson Thacher represented JPMorgan Chase Bank, N.A. as administrative agent with respect to TechnipFMC plc’s $1 billion senior secured revolving credit facility in connection with the completion of the announced spinoff of 50.1% of the outstanding shares of Technip Energies. The completion of the spinoff transaction creates two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies.
TechnipFMC is a leading technology provider to the traditional and new energies industry; delivering fully integrated projects, products and services.
The Simpson Thacher team included Erland Modesto, Robert Rabalais, Brandon Barton, Oscar Hwang and Siwei Yang (Credit); Antti Pesonen, Li Lin and Kristin Hoo (U.K. Credit); Genevieve Dorment (IP); Andrew Purcell, Jaqueline Clinton and Zachary Fialkow (U.S. Tax), Yash Rupal and Ellie Verran (U.K. Tax); Timothy Gallagher (Real Estate); Michael Isby (Environmental); and Jennifer Neilsson and Richard Malek (ERISA).