Simpson Thacher recently represented Blue Buffalo Pet Products, Inc. (NASDAQ: BUFF) (“Blue Buffalo”), in connection with its entry into a new credit agreement. The credit agreement provides for a $120 million revolving facility and a $400 million term loan facility, a portion of proceeds of which were used to refinance the existing credit facility of Blue Buffalo Company, Ltd., a direct subsidiary of the Company.
Blue Buffalo, based in Wilton, CT, is the nation’s leading natural pet food company, and provides natural foods and treats for dogs and cats under its BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.
The Simpson Thacher team for the transaction included Brian M. Steinhardt, James Doyle, Jim Russell and Deepa Thimmapaya (Credit); Melanie Jolson (IP); Krista McManus (Real Estate); Jacqueline Clinton (Tax); and Patricia Adams (Executive Compensation and Employee Benefits). Summer Associate Albi Kocibelli provided valuable assistance.