SJL Partners LLC, KCC Corp. And Wonik QnC Corp’s Acquisition Of Momentive Performance Materials Inc.

Simpson Thacher represented the arrangers in connection with the financing for acquisition of Momentive Performance Materials Inc.

BNP Paribas and Citibank, N.A. acted as lead arrangers for a $300 million asset-based revolving credit facility, a $750 million U.S. dollar first lien term loan credit facility and a €78.0 million first lien euro term loan credit facility, in connection with the acquisition of Momentive Performance Materials, Inc. by a consortium of SJL Partners LLC, KCC Corp. and Wonik QnC Corp.

Simpson Thacher also represented Kookmin Bank Co., Ltd., The Korea Development Bank and The Export-Import Bank of Korea as lead arrangers in connection with a $839 million second lien term loan facility and KEB Hana Bank, The Export-Import Bank of Korea and The Korea Development Bank as lead arrangers in connection with a $162 million additional term loan facility.

Momentive is one of the world’s largest producers of specialty silicones and silanes and is a global leader in fused quartz and specialty ceramics products.

The Simpson Thacher team included Jessica Tuchinsky (Picture), Chance Goldberg, Arman Naraghi-Pour, Remy Denner and Julia Tory (Credit – New York); Shahpur Kabraji, Makiko Harunari and Alvin Kwong (Credit – Hong Kong); Jin Hyuk Park, Joongwon Park and Heesu Kim (Corporate – Hong Kong); Timothy Gallagher (Real Estate); Andrew Kofsky, Andrew Blau and Jeanne Annarumma (Executive Compensation and Employee Benefits); Lori Lesser, Melanie Jolson and Ellie Gladstone (Intellectual Property); Mark Skerry and Joseph Betteley (OFAC/FCPA); Robert Holo (Tax); and Adeeb Fadil and Noreen Lavan (Environmental).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Joseph Betteley – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; Remy Denner – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Elizabeth Gladstone – Simpson Thacher & Bartlett; Chance Goldberg – Simpson Thacher & Bartlett; Makiko Harunari – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Shahpur Kabraji – Simpson Thacher & Bartlett; Heesu Kim – Simpson Thacher & Bartlett; Heesu Kim – Simpson Thacher & Bartlett; Andrew Kofsky – Simpson Thacher & Bartlett; Alvin Kwong – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Arman Naraghi-Pour – Simpson Thacher & Bartlett; Jin Hyuk Park – Simpson Thacher & Bartlett; Joongwon Park – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Julia Tory – Simpson Thacher & Bartlett; Jessica Tuchinsky – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: BNP Paribas; Citibank; Export-Import Bank of Korea; Kookmin Bank; Korea Development Bank;

Author: Ambrogio Visconti