Simpson Thacher Represents the Administrative Agent in Connection with Refinancing Asset-Backed Financing Facility for Clopay
10.18.10
This is only gets display when printing
In connection with the acquisition by Griffon Corporation (“Griffon”) of Ames True Temper, Inc (“Ames”) through a wholly owned subsidiary, Clopay Corporation, Simpson Thacher represented JPMorgan as a lead arranger and administrative agent in connection with a new $125 million senior secured asset-backed credit facility for Clopay to replace an existing $100 million asset-backed credit facility. The credit facility became effective in late September.
Clopay now holds Clopay Building Products Company, a leading manufacturer of garage doors, Clopay Plastic Products Company, a leading developer and producer of specialty plastic, and Ames, the leading North American manufacturer of non-powered outdoor work tools.
The Simpson Thacher team included Patrick Ryan, Jessica Tuchinsky and Chad Pearlman (Banking and Credit), Susan Kaufman (Executive Compensation and Employee Benefits), Amie Broder (Tax), Marcela Robledo (Intellectual Property) and Mardi Merjian (Real Estate). Paralegal Michael Williamson also provided valuable assistance.