The Firm represented Hoover Group, Inc. (“Hoover”), a First Reserve portfolio company, in connection with a new first-lien senior secured term loan credit facility and a new second-lien term loan facility. The proceeds of the new facilities were applied to refinance the Hoover’s existing first-lien and second-lien credit facilities.
Hoover Ferguson is an integrated provider of chemical tanks, cargo carrying units, catalyst bins, modular containers and other related rental products and services to the global energy, petrochemical and general industrial end markets.
The Simpson Thacher team included Eli Isak, Michael Brennan and Ryan Poché (Credit – U.S.); Chris May, Jim Cross and Sara Daniel (M&A); Gert Raig, Jia Meng and Emma Lynam (Credit – U.K.); Jonathan Pall (Collateral); Yash Rupal, Andrew Purcell and Kelli Rivers (Tax); Lori Lesser, Genevieve Dorment and Bobbie Burrows (Intellectual Property); Larry Moss (Executive Compensation and Employee Benefits); Timothy Mulvihill (Environmental); and Tim Gallagher (Real Estate).