Superior Plus’ $350 Million Senior Notes Offering

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the private placement of $350 million aggregate principal amount of 7% Senior Notes due 2026 of Superior Plus LP and Superior General Partner Inc., each direct, wholly owned subsidiaries of Superior Plus Corp.

The proceeds of the notes will be used to finance a portion of Superior Plus’ previously announced acquisition of the retail propane business of NGL Energy Partners.

Through its subsidiaries, Superior Plus distributes and markets propane and distillates, in both the U.S. and Canada, and supplies sodium chlorate, chlor-alkali, potassium and sodium chlorite in North America and internationally.

The Simpson Thacher team included Art Robinson (Picture), Patrick Baron, Matt Hart, Christine Turner and Jessica Jeong (Capital Markets); Michael Isby (Environmental); and Rob Holo and Tyler Robbins (Tax). Summer Associates Ryan Poché and Julia Levenson also provided valuable assistance.

Involved fees earner: Arthur Robinson – Simpson Thacher & Bartlett; Patrick Baron – Simpson Thacher & Bartlett; Matthew Hart – Simpson Thacher & Bartlett; Christine Turner – Simpson Thacher & Bartlett; Jessica Jeong – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities;

Author: Ambrogio Visconti