The firm represented J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the initial purchasers of $375 million of 6.125% Senior Notes due 2020 of Wolverine World Wide, Inc. The firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with $1.1 billion in new senior credit facilities for Wolverine. The proceeds of the notes offering and borrowings under the new senior credit facilities were used to finance a portion of the acquisition of the Performance + Lifestyle Group business of Collective Brands, Inc. by Wolverine and repay certain indebtedness.
Wolverine is a leading designer, manufacturer and marketer of a broad range of quality casual footwear and apparel, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots.
The Simpson Thacher team included: Patrick Ryan, Jessica Tuchinsky, Julia Kohen, Michael Vernace and Cara Walsh (Credit), Art Robinson, Patrick Baron, Daniel Bae, Siobhan Lam and Amy Ward (Capital Markets), Chang Won Choi and Jodi Sackel (Tax), Jennifer Pepin (Executive Compensation and Employee Benefits), Jodie Sopher Pimentel and Roxana Niktab (Intellectual Property), and Adeeb Fadil and Noreen Lavan (Environmental).
