The Firm recently represented JPMorgan Chase Bank, N.A., as administrative agent, in the Second Amended and Restated Credit Agreement of Liz Claiborne Inc., Mexx Europe B.V., Juicy Couture Europe Limited and Liz Claiborne Canada Inc. Among other things, the amendment and restatement reduces the size of the previous facility from $600 million to $350 million and extends the maturity date of the previous facility.
Liz Claiborne Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, Kate Spade, Lucky Brand and Mexx. The company also has a refined group of department store-based brands including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY® Jeans, DKNY® Active and DKNY® Mens brands.
The Simpson Thacher team included Frank Huck, Alexandra Kaplan, Julia Kohen and Matt Reichstein (Banking and Credit), Mardi Merjian and Eric Berry (Real Estate), Lori Lesser, Keren Siman-Tov and Noah Richmond (Intellectual Property), Seojung Park (Tax), Susan Kaufman (Executive Compensation and Employee Benefits) and Adeeb Fadil (Environmental). Paralegals Chris Stone and Tiffany Vacca provided invaluable assistance.