Simpson Thacher Represents Goodman Global Group, Inc. in Offering of 11.500% Senior Discount Notes Due 2014
12.17.09
This is only gets display when printing
The Firm recently represented Goodman Global Group, Inc. in an offering of $586 million in aggregate principal amount at maturity of its 11.500% Senior Discount Notes due 2014, with gross proceeds of approximately $320 million. The offering was conducted in reliance on Rule 144A and Regulation S. Goodman Global Group intends to use the net proceeds from the offering, as well as cash on hand, to pay a dividend to its shareholders and a distribution to its optionholders.
Goodman Global Group is a leading domestic manufacturer of heating, ventilation and air conditioning products for residential and light commercial use.
The Simpson Thacher team for this transaction included Bill Brentani, Dan Webb, Robert Bartlett, Konstantin Vertsman, Ryan Coombs and Mark Tannahill (Capital Markets), Sean Austin and Dan Foster (Tax), Tristan Brown and Victoria Stewart (Executive Compensation and Employee Benefits) and Tim Mulvihill (Environmental). Paralegal Stephanie Alessi provided valuable assistance.