Schweitzer-Mauduit International’s $350 Million High Yield Notes Offering


Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with the offering by Schweitzer-Mauduit International, Inc. (“SWM”) of $350 million aggregate principal amount of 6.875% Senior Notes due 2026.

SWM used the proceeds from the offering and the borrowings under a new credit agreement to refinance all amounts outstanding under its previously existing senior secured credit facilities and to pay related fees and expenses.

SWM is a leading global provider of highly engineered papers, films, nets and non-wovens for a variety of applications and industries.

The Simpson Thacher team included David Azarkh (Picture), Ben Heriaud and Richie Ragusa (Capital Markets); Jonathan Cantor and Pierce Pandolph (Tax); Larry Moss and Adam Cohen (Executive Compensation and Employee Benefits); Mike Isby (Environmental); and Jennie Getsin (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Richard Ragusa – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Adam Cohen – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities;

Author: Ambrogio Visconti