Simpson Thacher Represents Initial Purchasers in €200 Million Senior Notes Offering by Stena AB
03.25.10
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The Firm’s London office recently represented Deutsche Bank AG, London Branch and J.P. Morgan Securities Ltd., as the initial purchasers, in a €200 million offering of 7.875% Senior Notes due 2020 by Stena AB, one of the largest privately held companies in Sweden. A leading participant in the worldwide shipping industry, Stena owns and operates one of the world's largest international passenger and freight ferry services and also owns and charters drilling rigs, roll-on/roll-off vessels and crude oil and petroleum product tankers. The offering of notes was made to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
The Simpson Thacher team for this transaction included Gregory W. Conway, Gil J. Strauss and Sinjini Saha (Capital Markets), Meredith B. Jones and Seojung Park (Tax) and paralegals Minal Purohit and Kim De Glossop.