Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with $350 million of senior secured credit facilities and J.P. Morgan Securities LLC as representative of the initial purchasers of $275 million of 9.25% Senior Notes due 2018 to finance a portion of the acquisition of the Global Auto Care Business of The Clorox Company by private equity sponsor Avista Capital Partners.
The Global Auto Care Business is a manufacturer, marketer and distributor of automotive aftermarket appearance and performance auto-care products, including protectants, wipes, tire and wheel care, washes, waxes, glass cleaners, fuel additives, oil treatments and functional fluids. The Global Auto Care Business brands consist primarily of Armor All® and STP®.
The Simpson Thacher team includes Bill Sheehan, Julia Kohen, and Louis Pastor (Credit); Art Robinson, Ryan Bekkerus, Michele Murphy and Alex Coedo (Capital Markets); Mardi Merjian (Real Estate); Meryl Rosen (Intellectual Property); Rob Holo and Daniel Salinas (Tax); and Jonathan Pall (Collateral/UCC). Paralegal Yvonne Colebank also provided valuable assistance.
