Simpson Thacher represented AOL Inc. in connection with AOL’s spin-off from Time Warner Inc. Time Warner distributed all of the common stock of AOL to Time Warner shareholders on December 9, 2009. “Regular way” trading of AOL shares on NYSE began on December 10, 2009.
In addition to representing AOL with respect to general corporate matters relating to the spin-off, Simpson Thacher represented AOL in connection with its establishment of public company policies and procedures, public company compliance issues and other corporate governance matters. Also, Simpson Thacher represented AOL in connection with its $250 million senior secured revolving credit facility.
AOL is a leading global web services company with an extensive suite of brands and offerings and a substantial worldwide audience. AOL’s business spans online content, products and services that AOL offers to consumers, publishers and advertisers.
Simpson Thacher attorneys representing AOL on this matter included Peter Malloy, Nick Washburn, Tom Terbell, Adam Bentley and Brian Rosenzweig (M&A), Andy Keller, Andrea Andrezo and Ben Garcia (Capital Markets/PCAP), Patrick Ryan and Ariana Cooper (Credit), Tristan Brown and Grace Lin (Executive Compensation and Employee Benefits), Sean Austin (Tax) and Lori Lesser (IP).