Simpson Thacher – Aramark Shareholders Complete Approximately $775 Million Secondary Offering and Concurrent Share Repurchase

The Firm represented Aramark in connection with a secondary offering of 22,468,514 shares of Aramark’s common stock by certain selling stockholders, resulting in proceeds of approximately $726 million to the selling stockholders, and a concurrent share repurchase by Aramark of 1,500,000 shares from the selling stockholders, resulting in additional gross proceeds of approximately $48.5 million. The shares being sold pursuant to the secondary offering and the share repurchase represent all of the remaining shares held by the selling stockholders. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk Advises McGraw Hill Financial, Inc. on Its $2 Billion Notes Offering

Davis Polk advised McGraw Hill Financial, Inc. in connection with an offering of $400 million aggregate principal amount of its 2.500% senior notes due 2018, $700 million aggregate principal amount of its 3.300% senior notes due 2020 and $900 million aggregate principal amount of its 4.400% senior notes due 2026. The notes are guaranteed by Standard & Poor’s Financial Services LLC, a wholly owned subsidiary of McGraw Hill Financial, and were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S. McGraw Hill Financial intends to use the net proceeds from the offering to finance the previously announced acquisition of SNL Financial LC and for general corporate purposes. More >>

Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Underwriters in $550 Million Notes Offering for Kimberly-Clark Corporation

The Firm recently represented underwriters, led by Deutsche Bank Securities Inc. and Goldman, Sachs & Co., in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $550 million aggregate principal amount of notes. Kimberly-Clark issued $250 million aggregate principal amount of its 2.15% Notes due August 15, 2020 and $300 million aggregate principal amount of its 3.05% Notes due August 15, 2025. The net proceeds from the transaction will be used to repay certain existing indebtedness. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York