Simpson Thacher represented J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., HSBC Securities (USA) Inc. and RBS Securities Inc. in an offering of $210 million aggregate principal amount of 6.250% Senior Subordinated Notes due 2021 by Gibraltar Industries, Inc. (“Gibraltar”). Gibraltar used the net proceeds from the notes offering to fund a cash tender offer for any and all of its outstanding $204 million 8% Senior Subordinated Notes due 2015. The Firm also represented J.P. Morgan Securities LLC in its capacity as dealer manager in the concurrent tender offer and consent solicitation.
Gibraltar is a leading manufacturer and distributor of products for the building and industrial markets. Its customers are located throughout the United States, Canada, Europe and Central America.
The Simpson Thacher team included: Art Robinson, Vanessa Clark, Dan Bae and Grant Manning (Capital Markets); Jonathan Cantor and Devin Heckman (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Andrea Wahlquist and Jennifer Pepin (Executive Compensation and Employee Benefits); Jodie Pimentel and Sarah Magen (Intellectual Property); and Andrew J. Pagliughi (Blue Sky).
