Simpson Thacher Represents Academy Sports + Outdoors in $500 Million Senior Notes Offering and Related Transactions

Simpson Thacher represented Academy Sports + Outdoors (“Academy”) in connection with its recent offering of $500 million aggregate principal amount of 8%/8¾% Senior Notes due 2018, as well as related internal restructuring transactions. Academy used the net proceeds from this offering to pay an approximately $485.8 million distribution to its parent, New Academy Holdings Company, LLC, an entity controlled by Kohlberg Kravis Roberts & Co. LP.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents SunGard Data Systems Inc. in $720 Million Senior Secured Term Loan Financing and Extension of its $275 Million Receivables Facility

The Firm recently represented SunGard Data Systems Inc. in connection with its entrance into a $720 million incremental term loan facility under its senior secured credit agreement and the maturity extension of, and other amendments to, its $275 million receivables facility. The proceeds of the term loan facility are being used to fund a dividend.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Macquarie Mexican REIT in US$910 million Initial Public Offering and US$185 million Real Estate Financing

The Firm recently represented Macquarie Mexican REIT (FIBRA Macquarie México) (“MMREIT”) in connection with its US$909.4 million initial public offering of Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios, or “CBFIs”) on the Mexican Stock Exchange. The CBFIs were offered to the public in Mexico, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. MMREIT used the proceeds in connection with its acquisition, simultaneously with its initial public offering in Mexico, of its initial portfolio, consisting of 244 industrial real estate properties located in 21 cities across 15 states in Mexico. In addition to the proceeds from its initial public offering in Mexico, MMREIT financed the acquisition of its initial portfolio through four secured credit facilities.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Cravath – NCR Corporation’s Senior Debt Offering

Cravath represented the initial purchasers, led by J.P. Morgan Securities, BofA Merrill Lynch, RBC Capital Markets, SunTrust Robinson Humphrey and Wells Fargo Securities, in connection with the US$500 million 144A/Reg. S senior debt offering of NCR Corporation, a leading global technology company. The transaction closed on December 18, 2012.

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Tags:  Cravath, Swaine & Moore LLP | New York

Paul Hastings Advises BofA Merrill Lynch, Morgan Stanley and Jefferies in Financing for TPC Group’s Acquisition by First Reserve and SK Capital Partners

Paul Hastings LLP, a leading global law firm, announced today that the firm represented BofA Merrill Lynch, Jefferies and Morgan Stanley as joint book-running managers and lead arrangers in connection with the financing of petrochemical provider TPC Group Inc.’s (Nasdaq:TPCG) $850 million acquisition by First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.

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Davis Polk – $575 Million Senior Secured Facility in Connection with Riverbed Technology’s Acquisition of OPNET

Davis Polk advised Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA as joint lead arrangers and Merrill Lynch, Pierce, Fenner & Smith Incorporated as arranger in connection with Riverbed Technology, Inc.’s new $575 million senior secured term loan facility. The facility was used by Riverbed to fund the acquisition of OPNET Technologies, Inc., which closed concurrently with the financing.

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Tags:  Davis Polk & Wardwell | New York

Simpson Thacher Represents Goldman Sachs and Banco Santander in US$300 Million Bridge Loan Financing to Gruma, S.A.B. de C.V.

The Firm recently represented Goldman Sachs Bank USA and Banco Santander (Mexico) in connection with a US$300 million bridge loan financing to Gruma, S.A.B. de C.V. The loan proceeds will be used principally to finance the repurchase of Gruma shares owned by Archers-Daniels-Midland Company.

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Tags:  Simpson Thacher & Bartlett LLP | New York