Shearman & Sterling advised Jefferies Finance LLC as sole lead arranger, administrative agent and syndication agent in connection with a $300 million first lien senior secured term facility for Emerald Performance Materials, LLC. Additionally, a complex triple-layer intercreditor structure was negotiated among the first and second lien term loan secured parties as well as with the secured parties under a separate new asset-based revolving credit facility.
The Shearman & Sterling team included partners Joshua W. Thompson(New York-Finance), Don J. Lonczak (Washington, DC-Tax), and Malcolm K. Montgomery (New York-Real Estate); counsel Jason Pratt (New York-Real Estate/Environmental) and Jeffrey L. Salinger (New York-Real Estate/Environmental); and associates Nathan Wood (Palo Alto-Finance), Sumeet Jain (New York-Finance), Zheng Bao (Palo Alto-Intellectual Property Transactions), Jocelyn Bush (New York-Real Estate), Jonathan Skinner (New York-Real Estate/Environmental) and Nathan Tasso (Washington, DC-Tax).
