TNT Crane & Rigging’s $504 Million Refinancing

Simpson Thacher represented TNT Crane & Rigging on the deal.

TNT Crane & Rigging announced its entry into a $385 million asset-based revolving credit facility (the “ABL Facility”) and a new $119 million second lien term loan (the “2L Facility”). 

TNT Crane & Rigging is the largest open-shop crane services platform in North America with leadership positions in core maintenance end markets and geographies. 

The Simpson Thacher team included Michael Vernace (Picture), Tina Zheng and Kyle Nelson (Banking and Credit); Jennifer Neilsson (Executive Compensation and Employee Benefits); Nancy Mehlman, Tyler Robbins and Edward Grais (Tax); Genevieve Dorment (IP); Michael Isby (Environmental); and Jonathan Pall (Collateral).

Involved fees earner: Genevieve Dorment – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Kyle Nelson – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Tina Zheng – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: TNT Crane & Rigging Inc;

Martina Bellini

Author: Martina Bellini