Simpson Thacher Represents Checkout Holding Corp. in Offering of 10.125% Senior Discount Notes Due 2015
11.17.10
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Simpson Thacher recently represented Checkout Holding Corp., the parent company of Catalina Marketing Corporation, in an offering of approximately $438.6 million in aggregate principal amount at maturity of its 10.125% Senior Discount Notes due 2015, with gross proceeds of approximately $260.0 million. The offering was conducted in reliance on Rule 144A and Regulation S. Checkout intends to use the net proceeds from the offering to pay a dividend to its stockholders and a distribution to its option holders.
Catalina Marketing Corporation is a leading distribution and service platform for behavior-based, point-of-sale media and marketing.
The Simpson Thacher team for this transaction included William Brentani, Dan Webb, Michael Reeves, Kelli Schultz and Robert Yu (Capital Markets), Dan Foster (Tax), Tristan Brown, Jeanne Annarumma and Michael Richman (Executive Compensation and Employee Benefits) and paralegal Jamie Thai.