Simpson Thacher Represents JPMorgan in Connection with $200 Million Revolving Credit Facility for MSC Industrial Direct Co., Inc.
06.10.11
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The Firm recently represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with a five year $200,000,000 revolving credit facility for MSC Industrial Direct Co., Inc.
MSC, one of the nation's largest direct marketers of a broad range of industrial products to industrial customers, intends to use the proceeds to refinance its existing facility and for general working capital.
The Simpson Thacher team for this transaction included Patrick Ryan and Nicholas Baker (Banking & Credit); Amie Broder and Adam Wells (Tax); and Susan Kaufman (Executive Compensation and Employee Benefits). Paralegal Christopher Shields also provided valuable assistance.