Paul Hastings Represents Lead Arrangers in $300 Million Refinancing For ThermaSys Corporation

Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC, RBC Capital Markets and GE Capital Markets, Inc., as joint lead arrangers, in connection with a $300 million refinancing for ThermaSys Corporation, a manufacturer and supplier of engineered copper, brass and aluminum heat exchanger components and assemblies. The financing consists of first lien credit facilities for the purposes of, among other things, refinancing existing indebtedness of ThermaSys Corporation and the payment of a shareholder dividend.

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Simpson Thacher Represents Associated Materials, LLC in $100 Million Senior Secured Notes Offering

Simpson Thacher represented Associated Materials, LLC (“Associated Materials”) and its co-issuer in connection with an offering of $100 million aggregate principal amount of 9.125% senior secured notes due 2017. The notes were issued as additional notes under the same indenture governing $730 million of existing senior secured notes. Associated Materials used a portion of the net proceeds from the notes to repay all of the outstanding borrowings under its senior secured asset-based revolving credit facilities and intends to use the remaining net proceeds for other general corporate purposes.

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Simpson Thacher Represents the Underwriters in an Offering of $275 Million of Preferred Stock by Aspen Insurance Holdings Limited

The Firm represented the underwriters, led by Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. as joint book-running managers, in connection with a registered offering of 11,000,000 shares of 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of Aspen Insurance Holdings Limited, representing $275,000,000 in aggregate liquidation preference. The offering closed on May 2, 2013.

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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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Tags:  Simpson Thacher & Bartlett LLP | New York