Simpson Thacher Represents Initial Purchasers in $250 Million Senior Notes Offering by Wolverine World Wide
08.31.16
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The Firm represented J.P. Morgan Securities LLC, as representative of the initial purchasers, in connection with the offering by Wolverine World Wide, Inc. (“Wolverine”) of $250 million aggregate principal amount of 5% Senior Notes due 2026. Wolverine intends to use the net proceeds of the notes offering, together with borrowings under its senior credit facilities and cash on hand, to redeem its outstanding 6.125% Senior Notes due 2020 and pay related fees and expenses.
Wolverine is a leading designer, manufacturer and marketer of a broad range of quality casual footwear and apparel, performance outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots.
The Simpson Thacher team included Art Robinson, David Azarkh, Patrick Baron, Katharine Thompson and Randi Lynn Veenstra (Capital Markets); John Torrenti (Tax); Jennifer Pepin (Executive Compensation and Employee Benefits); Linda Nyberg (Intellectual Property); Adeeb Fadil and Noreen Lavan (Environmental); and Jennie Getsin (Blue Sky).