The Firm recently represented BofA Merrill Lynch, J.P. Morgan and other initial purchasers in an offering of $350 million of 6.00% Senior Notes due 2019 by Acuity Brands Lighting, Inc., which are guaranteed by Acuity Brands, Inc. (parent company) and ABL IP Holding LLC (sister subsidiary). The offering was conducted in reliance on Rule 144A and Regulation S and included registration rights for investors.
The Firm also represented J.P. Morgan and BofA Merrill Lynch as dealer managers in a concurrent tender offer to repurchase Acuity Brands’ outstanding $200 million of 8.375% Notes due 2010.
Acuity Brands will use the net proceeds of the debt offering to repay the outstanding 8.375% Notes due 2010 and certain other indebtedness and for general corporate purchases.
Acuity Brands is a leading provider of lighting fixtures and lighting controls for new construction, renovation and facility maintenance applications.
The Simpson Thacher team for this transaction included, among others, Glenn M. Reiter, Jonathan Ozner and Lauren Yoon (Capital Markets), Jonathan Cantor (Tax), Michael Isby (Environmental), Mindy Lok (Intellectual Property) and Andrew Pagliughi (Blue Sky).