STB Represents Underwriters and Lenders in Connection with AutoNation Refinancing
04.15.10
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Simpson Thacher represented underwriters and lenders in connection with a multi-pronged refinancing transaction by AutoNation, Inc. The transaction included (i) a registered public offering of $400,000,000 principal amount of 6.750% Senior Notes due 2018, (ii) tender offers and consent solicitations for any and all of AutoNation’s Floating Rate Senior Notes Due 2013 and 7% Senior Notes Due 2014 and (iii) an amendment to, and extension of the maturity of, the credit agreement governing AutoNation’s term loan and revolving credit facilities.
AutoNation, Inc. is America’s largest automotive retailer. A component of the Standard and Poor’s 500 Index, AutoNation owns and operates 249 new vehicle franchises in 15 states.
The Simpson Thacher team included John Lobrano, Ryan Bekkerus and Jakob Rendtorff (Capital Markets); Jim Buresh, Ursula Mackey, Till Lefranc and Joia Lee (Credit); Jonathan Cantor, Danny Salinas and Jason Vollbracht (Tax); Adeeb Fadil (Environmental); Susan Kaufman (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky and FINRA). Paralegals Jacqueline Altieri and Karla Johnson also provided valuable assistance.