Simpson Thacher Represents Initial Purchaser in Debut High Yield Secured Offering by InfraBuild
10.03.19
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Simpson Thacher represented J.P. Morgan Securities LLC as the sole initial purchaser in connection with a debut 144A/Regulation S offering of US$325 million aggregate principal amount of 12% Senior Secured Notes due 2024 by InfraBuild Australia Pty Ltd (“InfraBuild”). The notes are guaranteed by InfraBuild’s parent and certain of its existing and future direct and indirect wholly owned subsidiaries.
InfraBuild intends to use the net proceeds from the offering to refinance existing indebtedness and for general corporate purposes.
InfraBuild is a vertically integrated steel manufacturing, recycling, processing and distributing company based in Australia.
The Simpson Thacher team included David Azarkh, Patrick Baron, Matt Hart, Della Fok, Elise Quinones and Catherine Ciriello (Capital Markets); Jonathan Cantor (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Ashlie Lawton (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).