Simpson Thacher Represents Angelo, Gordon & Co. in Out-of-Court Recapitalization of Culligan Ltd.
06.25.12
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Simpson Thacher has represented Angelo, Gordon & Co. in an out-of-court recapitalization of Culligan Ltd., a leading water supply and water products company. Angelo Gordon, in its capacity as a first lien lender, together with Centerbridge Partners, led the restructuring, pursuant to which Culligan’s first lien lenders exchanged their outstanding loans into a combination of new term loans and cash and Culligan’s second lien lenders exchanged their outstanding loans into either cash or equity in Culligan.
The Simpson Thacher team included: Mark Thompson, Sandy Qusba, Soogy Lee and Nicholas Baker (Restructuring); David Eisenberg, Christian Fischer, Makiko Harunari and Tony Rim (Credit); and Steven Todrys, Jonathan Goldstein and Adam Wells (Tax).