Simpson Thacher Represents Initial Purchasers in US$200 Million Perpetual Bond Offering for General Shopping Finance Limited
11.15.10
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The Firm represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and BTG Pactual US Capital Corp., as initial purchasers, in a US$200 million Perpetual Bond offering by General Shopping Finance Limited, a Cayman Islands corporation. General Shopping Finance Limited issued 10.00% Perpetual Bonds, which were guaranteed by General Shopping Brasil S.A. and substantially all of its subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.
General Shopping Brasil S.A. is a leading owner and operator of shopping center properties throughout Brazil.
The Simpson Thacher team for the transaction included Glenn M. Reiter, Jaime Mercado, Gustavo Benchimol and Corina Gugler (Capital Markets), Jonathan Cantor and Chang Choi (Tax), and Jeanne Annarumma, Jasmin Koslowe and Paula Han (Executive Compensation and Employee Benefits).