Simpson Thacher Represents Genesee & Wyoming Inc. in Connection with Acquisition Financing for Freightliner Group Limited
03.27.15
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The Firm represented Genesee & Wyoming Inc. (“Genesee & Wyoming”) (NYSE: GWR) in connection with the amendment and restatement of Genesee & Wyoming’s credit facilities to refinance its existing indebtedness under the facilities and to provide financing for the acquisition of Freightliner Group Limited (“Freightliner”). After giving effect to the amendment and restatement, Genesee & Wyoming’s credit agreement provides for (i) a senior secured revolving credit facility for up to US$625 million under which certain extensions of credit may be denominated in US dollars, Canadian dollars, Euros, Pounds Sterling, Australian dollars or other designated currencies, and (ii) term loan facilities denominated in US dollars, Australian dollars and Pounds Sterling in the aggregate principal amounts of US$1.782 billion, A$324.627 million, and £101.681 million respectively.
Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Freightliner is an international freight rail operator with operations in the United Kingdom, Poland, Germany, the Netherlands and Australia.
The Simpson Thacher team included William Sheehan, James Doyle, Ben Baucom, and Jeremy Glazier (Banking and Credit); Anthony Vernace (M&A); Sophie Staples (Tax); and Krista McManus (Real Estate).