The Firm represented the underwriters, led by Citigroup Global Markets Inc. and J.P. Morgan Securities Inc., in connection with a registered public offering of $250 million of 6.125% Notes due 2021 by Snap-on Incorporated.
The net proceeds from the offering will be used for general corporate purposes, including for working capital, capital expenditures, replacement of other financing sources and future acquisitions.
The Firm had previously represented the same underwriters in a public offering of $300 million of debt securities by Snap-on Incorporated in February 2009.
Snap-on Incorporated is a manufacturer and marketer of tools, diagnostics, equipment and software for industrial and commercial customers, including customers in the automotive repair industry.
The Simpson Thacher team for the debt offering included, among others, Glenn M. Reiter, Robert Griffith and Jeffrey Laretto (Capital Markets), Jonathan Cantor (Tax), Adeeb Fadil (Environmental), Mindy Lok (Intellectual Property) and Andrew Pagliughi (Blue Sky).