Simpson Thacher Represents DJO Finance LLC in High Yield Notes Offering
01.25.10
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Simpson Thacher represented DJO Finance LLC, an indirect wholly owned subsidiary of DJO Incorporated, and DJO Finance Corporation, a wholly owned subsidiary of DJO Finance LLC, in a Rule 144A offering of $100 million of 10 7/8% Senior Notes due 2014, guaranteed by each of DJO Finance LLC's direct and indirect wholly owned domestic subsidiaries. The deal closed on January 20, 2010. DJO Finance LLC used the net proceeds from the offering, along with cash on hand, to repay $101.5 million aggregate principal amount of existing term loans under its senior secured credit facilities. The company is controlled by affiliates of The Blackstone Group L.P.
DJO is a global provider of high-quality orthopedic devices, with a broad range of products used for rehabilitation, pain management and physical therapy. DJO also develops, manufactures and distributes a broad range of surgical reconstructive implant products.
The Simpson Thacher team included Richard Fenyes, Max Kirchner and Lauren Yoon (Capital Markets); Brian Steinhardt and Thomas Aragona (Credit); Jonathan Cantor and Amie Broder (Tax); Lori Lesser (Intellectual Property); Adeeb Fadil and Timothy Mulvihill (Environmental); and Gregory Grogan and Eric Sarabia (Executive Compensation & Employee Benefits). Corporate paralegal Alexandra Greene also provided valuable assistance.