Wolverine’s $800 Million amended and restarted Credit Facility


Simpson Thacher represented JPMorgan in connection with an amendment to Wolverine World Wide’s credit facility to, among other things, provide for (a) a term loan A facility in an aggregate principal amount of $200 million, and (b) an increased revolving credit facility with total commitments of $800 million.

Wolverine World Wide, Inc. is one of the world’s leading marketers and licensors of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. The company’s portfolio of highly recognized brands includes: Merrell, Sperry, Hush Puppies, Saucony, Wolverine, Keds, Stride Rite, Chaco, Bates, HYTEST and Soft Style.

The Simpson Thacher team included Patrick Ryan (Picture), Mike Vernace and Remy Denner (US Credit); Shahpur Kabraji (UK Credit); Lori Lesser and Melanie Jolson (IP); Larry Moss and Eric Wolf (Benefits); Rob Holo and Pierce Pandolph (Tax); and Tim Gallagher (Real Estate).

Involved fees earner: Remy Denner – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Shahpur Kabraji – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett; Patrick Ryan – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JPMorgan Chase & Co.;

Author: Ambrogio Visconti