Firm Represents DB Energy Trading in the Overall Financial Restructuring of AGY Holding Corp. and Affiliates
07.01.13
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The Firm represented DB Energy Trading LLC, an affiliate of Deutsche Bank AG, in connection with the overall financial restructuring of AGY Holding Corp. and its affiliates. The restructuring transactions included, among other things, an amendment and restatement of the master lease agreement between DB Energy and AGY, whereby AGY may lease up to 51,057 Troy ounces of platinum and 3,308 Troy ounces of rhodium, two of the alloy metals used in AGY’s manufacturing operations.
AGY is a leading manufacturer of advanced glass fibers that are used as reinforcing materials in numerous diverse, high-value applications, including aircraft laminates, ballistic armor, pressure vessels, architectural roofing, mattress fire protection and architectural fabrics, and specialty electronics.
The Simpson Thacher team for the transaction included Sandy Qusba, Morris Massel and Terry Sanders.