Simpson Thacher Represents Mueller Water Products, Inc. in $225 Million Notes Offering and $275 Million Credit Agreement
09.01.10
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Simpson Thacher represented Mueller Water Products, Inc. (the “Company”) in connection with its Rule 144A/Regulation S offering of $225 million of 8 ¾% Notes due 2020 (the “Notes Offering”) and its $275 million asset based revolving credit facility (the “ABL Facility”). The initial purchasers of the Notes Offering were Banc of America Securities LLC, Goldman, Sachs & Co., J.P. Morgan Securities Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC. The ABL Facility was arranged by Bank of America Securities LLC and J.P. Morgan Securities Inc.
The Company is a leading North American manufacturer and marketer of infrastructure and flow control products for use in water distribution networks and treatment facilities. The Company used the net proceeds from the Notes Offering and the ABL Facility to repay its existing loan facility.
The Simpson Thacher team for the transaction included: James Cross and Richard David (Credit), Vince Pagano, Kirsten Davis, Rafael Berckholtz, Benjamin Wells and Andy Veit (Capital Markets); Jonathan Cantor and Danny Salinas (Tax); Jeanne Annarumma and Jamin Koslowe (Executive Compensation and Employee Benefits); and Mike Isby (Environmental).