Simpson Thacher Represents SunGard Data Systems Inc. in $1.6 Billion Senior Notes Offering and Related Tender Offer
11.18.10
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The Firm represented SunGard Data Systems Inc. (“SunGard”) in connection with its Rule 144A and Regulation S offering of $900 million aggregate principal amount of 7.375% Senior Notes due 2018 and $700 million aggregate principal amount of 7.625% Senior Notes due 2020. SunGard used a portion of the proceeds from the offering to fund its cash tender offer (the “Tender Offer”) for any and all of its outstanding 9.125% Senior Notes due 2013 (the “2013 Notes”). SunGard will use the remaining proceeds for the repurchase or redemption of any 2013 Notes not purchased in the Tender Offer.
SunGard is one of the world's leading software and technology services companies, with more than 20,000 employees, and serves 25,000 customers in 70 countries.
The Simpson Thacher team for this transaction included: Richard Fenyes, Estella Chen and Paige Fleming (Capital Markets), Jennifer Hobbs, Wendy Wu and Julia Kohen (Credit), Jonathan Cantor and Chang Won Choi (Tax), Mindy Lok and Jeannie Chung (Intellectual Property), Noreen Lavan (Environmental), Steven DeLott (Regulatory) and Alvin Brown (Executive Compensation and Employee Benefits). Paralegal Stephen Scanlon also provided invaluable assistance.