Simpson Thacher Represents Affiliates of Goldman Sachs & Co. in Connection with the Committed Financing for Their Acquisition of Ebix, Inc.

Simpson Thacher recently represented Broad Street Principal Investments, L.L.C., an affiliate of Goldman Sachs & Co., in connection with the financing for its acquisition of Ebix, Inc. (EBIX), a public company listed on the NASDAQ Global Market. The transaction, which is expected to close later this year, values Ebix, Inc., at about $820 million. Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Cogeco Cable Inc. in $400 Million Senior Notes Offering

The Firm recently represented Cogeco Cable Inc. (“Cogeco Cable”) in its offering of $400 million aggregate principal amount of 4.875% Senior Notes due 2020. Cogeco Cable is using the net proceeds from the offering, together with borrowings under its revolving credit facility, to repay in full the term loan tranches of the senior secured credit facilities entered into in connection with its acquisition of PEER 1 Network Enterprises, Inc. in January 2013. The notes are guaranteed by certain of Cogeco Cable’s wholly-owned subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Initial Purchasers in Sale of $250 Million Senior Notes due 2021 by Rent-A-Center, Inc.

Simpson Thacher represented the initial purchasers, led by joint book-running managers, J.P. Morgan Securities LLC and Goldman, Sachs & Co., and by co-managers, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BB&T Capital Markets, a division of BB&T Securities, LLC and Citigroup Global Markets Inc., in the sale of an aggregate principal amount of $250 million 4.75% Senior Notes due 2021 by Rent-A-Center, Inc. (“Rent-A-Center”). The notes are guaranteed on an unsecured senior basis by each of Rent-A-Center’s existing and future subsidiaries that are either borrowers under Rent-A-Center’s senior credit facilities or that guarantee any indebtedness of Rent-A-Center or any other guarantor, subject to certain exceptions. Rent-A-Center intends to use the net proceeds from the offering to (1) repay $46 million of the revolving loans outstanding under its revolving credit facility and (2) apply the remainder to accelerated common stock repurchases as market conditions permit, and to the extent not so applied, for general corporate purposes.

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Simpson Thacher Represents Melrose Industries PLC in Announced Sale of Truth Hardware

The Firm is representing Melrose Industries PLC (“Melrose”) in connection with its announced sale of Truth Hardware (“Truth”) to Tyman PLC. The total consideration for this transaction is US$200 million (£129 million), and will be payable in cash upon completion. Melrose intends to use the proceeds to pay down existing borrowings. The transaction is expected to close in June 2013.

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Paul Hastings Represents RBC Capital Markets, Merrill Lynch, Pierce, Fenner & Smith Incorporated and GE Capital Markets, Inc. in $380 Million Loan to Internet Brands

Paul Hastings, a leading global law firm, announced today that the firm represented RBC Capital Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated as Joint Lead Arrangers and RBC Capital Markets, Merrill Lynch, Pierce, Fenner & Smith Incorporated and GE Capital Markets, Inc. as Joint Bookrunners in connection with a $330 million term loan and a $50 million revolving loan to Micro Holding, L.P. and Internet Brands, Inc.

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Willkie Advises Auxilium in $657 Million Acquisition of Actient

On April 29, it was announced that Willkie client Auxilium Pharmaceuticals, Inc., a specialty biopharmaceutical company, has completed its acquisition of private urology specialty therapeutics company Actient Holdings LLC. Auxilium is paying $585 million in upfront cash plus certain contingent consideration and warrants to purchase Auxilium common stock, for a total enterprise value of up to $657 million. Based in Lake Forest, IL, Actient’s urology portfolio includes TESTOPEL, the only long-acting implantable testosterone replacement therapy (TRT) and Edex, the leading branded non-oral drug for erectile dysfunction. Chesterbrook, PA-based Auxilium focuses on developing and marketing products, including Testim 1% (testosterone gel) in the U.S. for the topical treatment of hypogonadism, to predominantly specialist audiences. The deal is expected to create a leading urology platform with the widest range of products for TRT.

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Tags:  Willkie Farr & Gallagher LLP | New York