Carrier to Acquire Viessmann Climate Solutions in €12 Billion Transaction
04.26.23
This is only gets display when printing
Simpson Thacher is representing JPMorgan Chase Bank, N.A. and Bank of America, N.A. in connection with €8.2 Billion of committed financing for Carrier Global Corporation (NYSE: CARR) (“Carrier”) in connection with Carrier’s announced acquisition of Viessmann Climate Solutions in a cash and stock transaction valued at €12 billion. The committed financing consists of a senior unsecured bridge term loan facility in an aggregate principal amount of up to €8.2 billion, consisting of 364-day loans in an aggregate principal amount of up to €7.7 billion and 60-day loans in an aggregate principal amount of up to €500 million.
Carrier is a global leader in intelligent climate and energy solutions. Viessmann Climate Solutions is a European climate solutions manufacturer.
The Simpson Thacher team includes Dan Kay, Matthew Farrell, Alexander Kleinhaus-Resisi and Sofia Elkina (Credit); John C. Ericson and Sung Bum Cho (Capital Markets); Sung Jin (M&A); Michael Mann (Tax); Courtney Welshimer and Kate Mirino (IP); and Pasco Struhs (ECEB).