Simpson Thacher represented TPC Group Inc. (“TPC”) in connection with its Rule 144A and Regulation S offering of $100 million aggregate principal amount of additional 8.75% Senior Secured Notes due 2020. The deal closed on January 22, 2013. TPC used the net proceeds from this offering for general corporate purposes, including for certain strategic capital projects.
TPC is a leading producer of value-added products derived from niche petrochemical raw materials such as C4 hydrocarbons. Its products are sold to producers of a wide range of performance, specialty and intermediate products, including synthetic rubber, fuels, lubricant additives, plastics and surfactants.
The Simpson Thacher team included Ed Tolley, David Azarkh and Judy Huang (Capital Markets); Alden Millard, Daniel Kay and John B. Freese (Credit); and John Creed and Seojung Park (Tax).
