Wolverine World Wide’s $171 Million Amended Term Loan


Simpson Thacher & Bartlett represented JPMorgan Chase Bank, N.A., as administrative agent, in the transaction.

Wolverine World Wide, Inc. (“Wolverine”) completed its second amendment to and incremental 364-day term loan under its senior credit facility. In connection with the amendment, Wolverine borrowed $171 million in aggregate principal amount of incremental 364-day term loans.

Wolverine 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® and HYTEST®. The Company also is the global footwear licensee of the popular brands Cat® and Harley-Davidson®.

The Simpson Thacher team advising JPMorgan Chase Bank included Art Robinson (Picture), David Azarkh, Benjamin Heriaud, Kyle Schwab and Ashley Gherlone (Capital Markets); Patrick Ryan, Mike Vernace, Dennis Durkin and William Perrone (Banking and Credit); Jonathan Cantor and Eli Shalam (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); Adeeb Fadil and Noreen Lavan (Environmental); and Jennie Getsin (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Dennis Durkin – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Ashley Gherlone – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; William Perrone – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett; Patrick Ryan – Simpson Thacher & Bartlett; Kyle Schwab – Simpson Thacher & Bartlett; Eli Shalam – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JPMorgan Chase & Co.;

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Author: Ambrogio Visconti