News & Events

The firm recently represented Quadrangle Group in connection with the out-of-court debt restructuring of Protection One, Inc., one of the leading commercial and residential security service providers in the United States. Pursuant to the terms of the restructuring transaction, approximately $120 million in principal amount of senior debt owed by Protection One to Quadrangle was discharged in exchange for the issuance of new shares of common stock which, collectively with shares previously owned, increased Quadrangle's equity interest in Protection One to approximately 97%. Quadrangle acquired the senior debt and approximately 88% of the equity in Protection One from Westar, Inc. in February 2004.

The Simpson Thacher attorneys who contributed to the successful closing of this transaction include Alan Klein, Joseph Kaufman, Douglas Bacon, Kevin Lehpamer and Geoffrey Chan (M&A) and Gary Mandel and Noah Beck (Tax). In addition, Ken Ziman, David Mack and Todd Carpunky (Bankruptcy) and Brian Robbins (ECEB) were involved in the February 2004 transaction.