Simpson Thacher & Bartlett is representing Reed Elsevier in connection with a $1.5 billion global offering of notes being issued by Reed Elsevier Capital Inc. The notes, issued in two tranches due 2014 and 2019, will be fully and unconditionally guaranteed jointly and severally by Reed Elsevier PLC and Reed Elsevier NV, the parent companies of the entities that comprise the Reed Elsevier group of businesses.
Reed Elsevier's businesses are principally science, medical, legal and business publishing and the organization of trade exhibitions. Reed Elsevier’s businesses include LexisNexis and Martindale-Hubbell. For the year ended December 31, 2007, Reed Elsevier's revenues were approximately $6.6 billion.
The offering is scheduled to close on January 16, 2008. Barclays Capital, Citi, HSBC and J.P.Morgan are the joint book-running managers for the offering.
Simpson Thacher attorneys involved in the transaction are Rhett Brandon, Grenfel Calheiros, Carol Daniel and Jonathan Cantor. Andrea Andrezo and Brandon Neal also provided assistance.