The Firm represented SunGard Data Systems Inc. (“SunGard”) in connection with its Rule 144A and Regulation S offering of $1.0 billion aggregate principal amount of 6.625% Senior Subordinated Notes due 2019. SunGard used a portion of the proceeds from the offering to fund its cash tender offer (the “Tender Offer”) for any and all of its outstanding 10¼% Senior Subordinated Notes Due 2015 (the “2015 Notes”). SunGard will use the remaining proceeds for the repurchase or redemption of any 2015 Notes not purchased in the Tender Offer.
SunGard is one of the world’s leading software and technology services companies, with more than 20,000 employees, and serves 25,000 customers in 70 countries.
The Simpson Thacher team for this transaction included: Richard Fenyes, Reece Hunt and Allison Wilson (Capital Markets), Jennifer Hobbs and Gibbs Fryer (Credit), Jonathan Cantor and Chang Won Choi (Tax), Mindy Lok (Intellectual Property), Noreen Lavan (Environmental), Steven DeLott (Regulatory), and Alvin Brown and Grace Wirth (Executive Compensation and Employee Benefits).
