The Firm represented JPMorgan Chase Bank, N.A. in providing $1.148 billion in committed financing for the announced merger of specialty materials manufacturers Schweitzer-Mauduit International, Inc. (“SWM”) and Neenah, Inc. (“Neenah”). The combined revenues of SWM and Neenah are approximately $3 billion.
SWM is a leading global performance materials company and designs and manufactures engineered films, adhesive tapes, foams, nets, nonwovens and papers, using resins, polymers and natural fibers, for a variety of industries and specialty applications. Neenah is a leading global manufacturer of specialty materials focused on growing in filtration media, specialty coatings, engineered materials and imaging and packaging.
The Simpson Thacher team included Dan Kay, Benjamin Persina, Leah Nudelman and Samuel Wintergreen-Arthur (Credit); Dave Azarkh and Benjamin Heriaud (Capital Markets); and Stephen Wiseman (M&A).