The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the private placement of $350 million aggregate principal amount of 7% Senior Notes due 2026 of Superior Plus LP and Superior General Partner Inc., each direct, wholly owned subsidiaries of Superior Plus Corp. (“Superior Plus”). The proceeds of the notes will be used to finance a portion of Superior Plus’ previously announced acquisition of the retail propane business of NGL Energy Partners.
Through its subsidiaries, Superior Plus distributes and markets propane and distillates, in both the U.S. and Canada, and supplies sodium chlorate, chlor-alkali, potassium and sodium chlorite in North America and internationally.
The Simpson Thacher team included Art Robinson, Patrick Baron, Matt Hart, Christine Turner and Jessica Jeong (Capital Markets); Michael Isby (Environmental); and Tyler Robbins (Tax). Summer Associates Ryan Poché and Julia Levenson also provided valuable assistance.