The Firm recently represented TRW Automotive Holdings Corp. (“TAHC”) (NYSE: TRW) and its subsidiary TRW Automotive Inc. (“TAI”) in connection with a Rule 144A offering by TAI of $225 million aggregate principal amount of 3.50% exchangeable senior notes due 2015. The initial purchasers fully exercised their over-allotment option with respect to the exchangeable senior notes, resulting in a total sale of $259 million in aggregate principal amount.
TRW Automotive ranks among the world's leading automotive suppliers. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services.
The Simpson Thacher team included Rise Norman, Roxane Reardon, Justin Cooke, Ashwin Cheriyan and Kristin Marvin (Capital Markets), Amie Broder (Tax), Jamin Koslowe and Eric Sarabia (Executive Compensation and Employee Benefits), Adeeb Fadil (Environmental), Julie Levy (Labor), and Marcelo Robledo and Mindy Lok (IP). Paralegals Alex Sprinzen and Bobby McGuire also provided valuable assistance.