Simpson Thacher Represents JPMorgan in connection with Asset-Based Credit Facilities for Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc.

Simpson Thacher recently represented JPMorgan as a lead arranger and administrative agent in connection with a new $400 million senior secured asset-based credit facility for Momentive Specialty Chemicals Inc. (“MSC”) and $270 million senior secured asset-based credit facility for Momentive Performance Materials Inc. (“MPM”), each to replace all or part of its respective existing revolving credit facility. The MSC credit facility has US, Canadian, Dutch and English borrowers, and the MPM credit facility has US, Canadian and German borrowers.

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