Simpson Thacher represented J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and the other initial purchasers in an offering of $175,000,000 of 9.5% Senior Secured Notes due 2017 by Stoneridge, Inc (“Stoneridge”). Stoneridge is using the net proceeds from the offering and available cash to finance the retirement of its 11.5% Senior Notes due 2012. Simpson Thacher also represented J.P. Morgan Securities LLC as dealer manager for the tender offer and consent solicitation for the company’s 11.5% Senior Notes due 2012.
Stoneridge is an independent designer and manufacturer of highly engineered electrical and electronic components, modules, and systems principally for the medium- and heavy-duty truck, automotive, and agricultural and off-highway vehicle markets.
The Simpson Thacher team includes John Lobrano, Mark Brod, Ariana Cooper (Capital Markets); Jim Buresh, Erik Hepler, Makiko Harunari and Jonathan Pall (Credit); Krista McManus, Elizabeth Jin and Daniel Molina (Real Estate); Greg Grogan and Julia Gaffin (Executive Compensation and Employee Benefits); Jonathan Cantor and Christian Miller (Tax); Meryl Rosen and Marcela Robledo (Intellectual Property); Adeeb Fadil (Environment); Scott Dyer (Labor); and Jennie Getsin (Blue Sky). Paralegal Alex Schned also provided valuable assistance.