Simpson Thacher represented DJO Finance LLC (the “Company”) and DJO Finance Corporation, both wholly-owned subsidiaries of DJO Global, Inc., in Rule 144A and Regulation S offerings of $100.0 million aggregate principal amount of 8.75% Second Priority Senior Secured Notes due 2018 and $440.0 million aggregate principal amount of 9.875% Senior Notes due 2018. The net proceeds of the issuances are being used to refinance the issuers’ $465.0 million aggregate principal amount of 10.875% Senior Notes due 2014, pay related fees and expenses, and repay $38.0 million of borrowings under the Company’s senior secured revolving credit facility. The offerings closed on October 1, 2012.
DJO is a global developer, manufacturer and distributor of high-quality medical devices that provide solutions for musculoskeletal health, vascular health and pain management. DJO Finance LLC continues to be owned primarily by affiliates of Blackstone Capital Partners V L.P.
The Simpson Thacher team included Richard Fenyes, Jonathan Ozner and John Kupiec (Capital Markets); Brian Steinhardt and James Doyle (Credit); Jonathan Cantor, Adam Wells and Anthony Minervini (Tax); Mindy Lok (Intellectual Property); Timothy Mulvihill (Environmental); and Gregory Grogan (Executive Compensation & Employee Benefits).
