Simpson Thacher Represents JPMorgan, as Lead Arranger of the Exit Facilities for Beechcraft Holdings, LLC’s Emergence from Bankruptcy

Simpson Thacher represented JPMorgan Chase Bank, N.A. as administrative agent in connection with a $375 million senior secured term loan facility and a $225 million asset-based loan facility for Beechcraft Holdings, LLC in its emergence from Chapter 11 bankruptcy.

Beechcraft, a company with 5,400 employees, designs, builds and supports aircraft such as the King Air turboprops, piston-engine Baron and Bonanza, and the T-6 trainer and AT-6 light attack military aircraft.

The Simpson Thacher team included: William Sheehan, Jessica Tuchinsky, Adam Shapiro, Daniel Brown, Caroline Gross and Christopher Dass (Banking and Credit), Steven Fuhrman and Kathrine McLendon (Bankruptcy), Robert Holo and Devin Heckman (Tax), Andrea Wahlquist, Paul Koppel and Jeannine McSweeney (Executive Compensation and Employee Benefits), Marcela Robledo (Intellectual Property), Michael Isby (Environmental) and Mardi Merjian (Real Estate).

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