The Firm recently represented TRW Automotive Holdings Corp. (“TAHC”) (NYSE: TRW) and its subsidiary TRW Automotive Inc. (“TAI”) in connection with a Rule 144A/Regulation S offering by TAI of $250 million aggregate principal amount of 8.875% senior notes due 2017. This high yield debt offering, which closed November 23, 2009, follows TAI’s offering of $259 million aggregate principal amount of 3.50% exchangeable senior notes due 2015, which closed November 20, 2009.
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, 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.