The Firm recently represented the initial purchasers, led by Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, in connection with a Rule 144A/Regulation S offering by Laureate Education, Inc. (“Laureate”) of $350 million aggregate principal amount of 9.250% senior notes due 2019. The offering closed on July 25, 2012.
Laureate is an international network of degree-granting higher education institutions with approximately 700,000 students in 24 countries throughout North and South America, Europe, Australia and New Zealand, the Middle East and North Africa and Asia. As of March 31, 2012, Laureate owned or controlled 54 separately licensed institutions and managed four other separately licensed institutions, delivering hundreds of academic programs to its students.
The Simpson Thacher team included Gary Horowitz, Joseph Kaufman, David Azarkh, Lauren Yoon, Siobhan Lam and Leah Shen (Capital Markets); Jonathan Cantor and Andrew Purcell (Tax); Aimee Adler (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky).
