The Firm recently represented BNP Paribas, as lead arranger and syndication agent, in connection with a new six-year $775 million term loan facility for The Gavilon Group, LLC, comprised of a $575 million closing date term loan and a $200 million delayed draw term loan.
Gavilon is a leading commodity management firm and will use the proceeds of the delayed draw term loan to acquire DeBruce Grain, Inc., a leading agricultural firm that operates 23 high-speed grain handling facilities throughout the Midwest.
The Simpson Thacher team included: Patrick Ryan, Jessica Tuchinsky, Aleksander Janiszewski, Daniel Brown and Seth Niedermayer (Banking and Credit), Jonathan Talansky (Tax), Mardi Merjian and Daniel Molina (Real Estate), Mindy Lok (Intellectual Property) and Jonathan Pall (Collateral). Paralegals Matthew Glasser and Alan Stein also provided valuable assistance.