Associated Materials Completes $675 Million Senior Secured Notes Offering and Amendment and Restatement of Its Revolving Credit Facility
12.01.16
This is only gets display when printing
Simpson Thacher represented Associated Materials, LLC (“Associated Materials”) in connection with an offering of $675 million aggregate principal amount of 9% senior secured notes due 2024. Associated Materials used the net proceeds from the notes to refinance a portion of its existing indebtedness. In addition, the Firm represented Associated Materials in connection with the amendment and restatement of its asset-based revolving credit facilities, which, among other things, extended the maturity date to November 22, 2021.
Associated Materials is a leading, vertically integrated manufacturer and distributor of exterior residential building products in the United States and Canada. Associated Materials distributes these products, as well as third-party manufactured products, through its extensive dual-distribution network, consisting of 124 company-operated supply centers and more than 260 independent distributors and dealers located across the United States and Canada.
The Simpson Thacher team included Bill Brentani, Ryan Coombs, Kim de Glossop and Casey Corr (Capital Markets); Brian Steinhardt, Adam Weiner and Patrick Vergara (Banking and Credit); Jonathan Pall (Collateral/UCC); Marcela Robledo and Marissa Lambert (Intellectual Property); Krista McManus (Real Estate); and Jason Vollbracht and Tanvi Mirani (Tax).