The NORDAM Group Chapter 11 Case


Simpson Thacher is advising JPMorgan Chase Bank, N.A. as administrative agent for a $45 million debtor-in-possession loan facility for The NORDAM Group, Inc. in connection with its Chapter 11 bankruptcy proceeding.

The DIP facility consisted of a revolver in an aggregate principal amount of up to $45 million. Simpson Thacher is also advising JPMorgan in the Chapter 11 bankruptcy proceeding in its capacity as administrative agent under a $260 million pre-petition first lien facility.

The Bankruptcy Court approved, on an interim basis, the terms and documentation of the DIP facility on July 24, 2018 and the DIP facility closed on July 25, 2018.

The Company is a pioneer in the aviation & aerospace repair and manufacturing field. The Company employs over 2,000 individuals worldwide.

The Simpson Thacher team includes Elisha Graff (Picture), Nicholas Baker and David Baruch (Bankruptcy & Restructuring); Soogy Lee, Kyle Spies and Hyo Min Kim (Banking and Credit); and Rob Holo and C.J. Murray (Tax). Summer Associate Dov Gottlieb also provided invaluable assistance.

Involved fees earner: Elisha Graff – Simpson Thacher & Bartlett; Nicholas Baker – Simpson Thacher & Bartlett; David Baruch – Simpson Thacher & Bartlett; Hyang-Sook Lee – Simpson Thacher & Bartlett; Kyle Spies – Simpson Thacher & Bartlett; Hyo Min Kim – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JPMorgan Chase & Co.;

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Author: Ambrogio Visconti