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Simpson Thacher Represents J.P. Morgan in Connection with $300 Million Bank Financing for Orthofix International, N.V.

09.01.10

Simpson Thacher represented J.P. Morgan, as a lead arranger and administrative agent, in connection with a new $300 million senior secured credit facility for Orthofix International, N.V.

Orthofix International, N.V. is a global medical device company offering a broad line of minimally invasive surgical and non-surgical products for the spine, orthopedic and sports medicine market sectors. The Company’s products address the lifelong bone-and-joint health needs of patients of all ages, helping them achieve a more active and mobile lifestyle.

The proceeds from the new credit facility were used to refinance the Company’s existing credit facility and will be available for the Company’s general corporate purposes.

The Simpson Thacher team for the offering included Justin Lungstrum, Brian Steinhardt, Thomas Aragona and Louis Pastor (Banking and Credit); Mardi Merjian and Daniel Molina (Real Estate); Mindy Lok and Meryl Rosen (Intellectual Property); Sean Austin (Tax); Jonathan Pall and Eric Hepler (Collateral/UCC). Paralegals Matthew Glasser and Yvonne Colebank also provided valuable assistance.