Simpson Thacher represented TRW Automotive Holdings Corp. in a registered public offering of 16,100,000 shares of its common stock, including the underwriters’ full exercise of their over-allotment option. TRW Automotive intends to use the net proceeds of approximately $269 million to repay debt under its term loan facilities and its revolving credit facility.
TRW Automotive ranks among the world’s leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 26 countries and employs approximately 60,000 people worldwide.
The Simpson Thacher team for the transaction included: Risë Norman, Ellen Smiley and Aleksander Janiszewski (Capital Markets), Adeeb Fadil (Environmental), Amie Broder (Tax), Jamin Koslowe and Eric Sarabia (Executive Compensation and Employee Benefits), Fagie Hartman (Labor) and Mindy Lok (Intellectual Property). Paralegal Alexandra Greene provided invaluable assistance.