Simpson Thacher Represents Initial Purchasers in Debut High Yield Notes Offering by Schweitzer-Mauduit International
09.25.18
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Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with the offering by Schweitzer-Mauduit International, Inc. (“SWM”) of $350 million aggregate principal amount of 6.875% Senior Notes due 2026. SWM used the proceeds from the offering and the borrowings under a new credit agreement to refinance all amounts outstanding under its previously existing senior secured credit facilities and to pay related fees and expenses.
SWM is a leading global provider of highly engineered papers, films, nets and non-wovens for a variety of applications and industries.
The Simpson Thacher team included David Azarkh, Ben Heriaud and Richie Ragusa (Capital Markets); Jonathan Cantor and Pierce Pandolph (Tax); Larry Moss and Adam Cohen (Executive Compensation and Employee Benefits); Mike Isby (Environmental); and Jennie Getsin (Blue Sky).