Simpson Thacher recently represented JPMorgan Chase Bank, N.A., as administrative agent and lender, in connection with an amendment to Wolverine World Wide, Inc.’s (“Wolverine”) senior credit facility to, among other things, provide for (a) a term loan A facility in an aggregate principal amount of $200 million, and (b) an increased revolving credit facility with total commitments of $1 billion.
Wolverine is one of the world’s leading marketers and licensors of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. Wolverine’s portfolio includes Sweaty Betty®, Merrell®, Sperry®, Hush Puppies®, Saucony®, Wolverine®, Keds®, Stride Rite®, Chaco®, Bates®, and HYTEST®. Wolverine is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®.
The Simpson Thacher team included Mike Vernace, Dennis Durkin and William Perrone (Banking and Credit); and Tim Gallagher (Real Estate).