Simpson Thacher represented Angelo, Gordon & Co., L.P. and JPMorgan Chase Bank, N.A., as lenders, in connection with two new secured term loan credit facilities for Tupperware Brands Corporation (NYSE: TUP) and its subsidiary, Dart Industries Inc., with an aggregate principal amount of $275 million. Tupperware Brands Corporation used the net proceeds from these facilities to redeem outstanding Senior Notes which were set to mature in June of 2021.
Tupperware Brands Corporation is a leading global consumer products company, distributing its products into nearly 80 countries primarily through independent representatives around the world.
The Simpson Thacher team for the transaction included Justin Lungstrum, Robyn Cho and Michael Gajewsky (Credit); Marisa Stavenas, Matthew Levy and Kyle Schwab (Capital Markets); Lori Lesser, Genevieve Dorment, Bobbie Burrows and Kate Mirino (Intellectual Property); Nancy Mehlman, Jacqueline Clinton and Eli Shalam (Tax); and Jennifer Neilsson (Executive Compensation and Employee Benefits).