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Simpson Thacher Represents JPMorgan in $1 Billion Credit Facility in Connection With THOR Industries’ Acquisition of AirX

09.15.21

The Firm represented JPMorgan in connection with a $1 billion ABL Credit Facility to THOR Industries, Inc. (“THOR Industries”). THOR Industries drew $625 million under the facility to finance the acquisition of AirX Intermediate, Inc., a privately held manufacturer of a comprehensive line of high-quality RV products.

THOR Industries and its subsidiaries, combined, represent the world’s largest manufacturer of recreational vehicles.

The Simpson Thacher team included Daniel Kay, Whitney Bosworth and Zhongji Wu (Banking & Credit); Timothy Gallagher (Real Estate); Genevieve Dorment and Corina McIntyre (Intellectual Property); and Jonathan Pall (UCC).