Simpson Thacher Represents Underwriters in $800 Million Debt Offering by WPP

The Firm recently represented the underwriters in connection with a registered public offering of $500 million of 3.625% Senior Notes due 2022 and $300 million of 5.125% Senior Notes due 2042, in each case, issued by WPP Finance 2010, a finance subsidiary of WPP plc. The notes are guaranteed by WPP plc and certain of its subsidiaries.

The WPP group comprises one of the largest communication services businesses in the world. The group’s largest segment is advertising and media investment management, where it operates the advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, bates and the United Network as well as media investment management companies such as MediaCom, MEC, Mindshare, Maxus and tenthavenue.

The Simpson Thacher team for the debt offering included John Lobrano, Lia Toback, Misan Ikomi and Kevin O’Connor (Capital Markets), Jonathan Cantor and Drew Purcell (Tax) and Andrew Pagliughi (FINRA and Blue Sky).

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