Simpson Thacher recently represented, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc., as lead arrangers, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with an amended and restated $300.0 million senior secured asset-based revolving credit facility for Petroleum Heat and Power Co., Inc. The amended and restated ABL facility, among other things, extends the termination date of the revolving commitments from July 2012 to June 2016.
Star Gas Partners, L.P., Petroleum Heat and Power Co., Inc.’s parent, is the nation's largest retail distributor of home heating oil.
The Simpson Thacher team included Patrick Ryan, Justin Benford and Yaron Nili (Banking and Credit) and Mardi Merjian (Real Estate). Susan Kaufman (Executive Compensation and Employee Benefits), summer associate Dean McGee and paralegal Jacqueline Altieri also provided valuable assistance.