Simpson Thacher Represents JPMorgan, TD, Walter Investment
Simpson Thacher represented multiple transactions recently.
The firm represented JPMorgan Chase Bank as administrative agent in connection with a $1.75 billion multi-currency revolving credit facility for Starwood Hotels & Resorts Worldwide.
The facility includes sub-tranches in Canadian Dollars, Euros, Pounds Sterling, Australian Dollars, Yen and Mexican Pesos which are available to be drawn by certain subsidiaries of Starwood.
Starwood Hotels & Resorts is a hotel and leisure company.
The Simpson Thacher team included: James T. Knight, Christian Fischer and Eric Schulman (Banking and Credit), Adam Wells and Jessica Garcia (Tax) and Linda Barrett (Executive Compensation and Employee Benefits).
The firm is also representing TD Bank Group in connection with its announced acquisition of Epoch Holding Corporation for $28.00 per share in cash.
The transaction is valued at approximately $668 million. Epoch Holding’s subsidiary, Epoch Investment Partners, provides investment management and investment advisory services to institutional, sub-advisory and high net worth clients.
With the acquisition of Epoch, TD expects to add approximately $24 billion in assets under management to the $207 billion already under management by TD Asset Management. The transaction is expected to close in H1/13.
The Simpson Thacher team includes: Lee Meyerson, Anthony Vernace, Michael Juhlin and Audra Amarosa (M&A); Andrea Wahlquist and Samantha Shipp (Executive Compensation and Employee Benefits); Steve Todrys, Jon Goldstein, Danny Salinas and Vanessa Cohen (Tax); Sarah Cogan (Investment Management); and Lori Lesser and Jodie Pimentel (Intellectual Property). Valuable assistance was also provided by Ravi Agarwal and Nicole Tague.
The firm represented Walter Investment Management (WIMC) as well in connection with its $825 million secured credit facility, consisting of a $700 million five-year term loan and a $125 million five-year revolving credit facility.
WIMC operates in the mortgage-service industry and specializes in offering structured solutions to owners of less-than-prime, non-conforming and other credit-challenged mortgage assets.
The Simpson Thacher team for the transaction included, among others, James Cross, Christian Fischer, Adam Shapiro, John Freese and Christopher Dass (Credit); Adam Wells and Jodi Sackel (Tax) and Genevieve Dorment (IP).