Simpson Thacher Represents Initial Purchasers in Offering of $236 Million Senior Secured Second-Priority Notes for Lions Gate Entertainment Inc.
10.22.09
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The Firm represented the initial purchasers, led by J.P. Morgan, in connection with the issuance by Lions Gate Entertainment Inc. of $236 million aggregate principal amount of 10.25% Senior Secured Second-Priority Notes due 2016. The notes are guaranteed by the issuer's parent company and certain subsidiaries of the parent and the issuer. The net proceeds were used to repay outstanding debt under the issuer's revolving credit facility.
Lions Gate is the leading next generation studio with a diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content.
The Simpson Thacher team for the offering included Bill Brentani, Dan Webb, Adam Bentley, Jared Grauer, Dan Leahy and Erin Rinn (Securities); Erik Hepler and Tom Aragona (Collateral/UCC); Dan Foster (Tax); and Noah Richmond (Intellectual Property). Paralegal Jakob Edell also provided valuable assistance.