Simpson Thacher recently represented Citigroup Global Markets Inc., Goldman Sachs International, J.P. Morgan Securities LLC, Merrill Lynch International and Samsung Securities Co., Ltd. as initial purchasers, in connection with an offering of US$1 billion aggregate principal amount of 1.75% Notes due 2017. The notes were issued by Samsung Electronics America, Inc., a U.S. subsidiary of Samsung Electronics Co., Ltd. (“Samsung Electronics”), and are guaranteed by Samsung Electronics. Samsung Electronics, in its first overseas bond offering in recent years, offered a record amount in the global market with yields being paid to bondholders falling lower than that for the South Korean government debt, the first Korean company to do so. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.

Samsung Electronics is a global leader in the electronics and information technology industries. 

The Simpson Thacher team for the offering included Jin Hyuk Park, Kristina Kang, Soo K. Chung and John Hahn (Corporate), Rob Holo, Seojung Park and Sean FitzGerald (Tax), Jennie Getsin (Blue Sky) and George Wang (OFAC).