Simpson Thacher is representing JPMorgan Chase Bank, N.A., as administrative agent, sole lead arranger and sole bookrunner, in connection with the committed financing for the acquisition of Dorner Manufacturing Corp. (“Dorner”) by Columbus McKinnon Corporation (“Columbus McKinnon”). The financing is expected to consist of a $650 million first lien term loan facility and a $60 million revolving credit facility.
Columbus McKinnon is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems and other material handling products serving various commercial and industrial end user markets. Dorner is a global provider of purpose-built, high quality precision conveyor systems utilized in process automation operations.
The Simpson Thacher team includes Patrick Ryan, Leah Nudelman and Chris Zheng (Credit); David Azarkh (Capital Markets); Stephen Wiseman (M&A); Nancy Mehlman and Eli Shalam (Tax); Pasco Struhs (ECEB); Genevieve Dorment (IP); and Adeeb Fadil and Tim Mulvihill (Environmental).