Simpson Thacher represented MDC Partners Inc. (“MDC”) in connection with a Rule 144A/Regulation S offering of $550,000,000 aggregate principal amount of its 6.75% Senior Notes due 2020, fully and unconditionally guaranteed by all of its existing and future subsidiaries that guarantee its senior secured credit facility. MDC used the net proceeds of the offering to redeem all $425 million aggregate principal amount of its 11% senior notes due 2016, to pay accrued interest, related premiums, fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including funding of deferred acquisition consideration. Simpson Thacher also represented MDC and certain of its subsidiaries in connection with the entry into an amended and restated $225,000,000 senior secured revolving credit facility. The notes offering and credit facility closed on March 20, 2013.
The Simpson Thacher team included: Risë Norman, Vanessa Clark and Kevin Elliott (Capital Markets); Christopher Brown, Mike Vernace and Shelly Lin (Credit); Robert Holo and Devin Heckman (Tax); Mindy Lok (Intellectual Property); and Jeanne Annarumma and Jamin Koslowe (Executive Compensation and Employee Benefits).
