Simpson Thacher recently represented Seagate Technology Public Limited Company (“Seagate Technology”) in connection with $350 million senior secured revolving credit facility for Seagate HDD Cayman, guaranteed by Seagate Technology and certain of its material subsidiaries.
The Bank of Nova Scotia acted as administrative agent, arranger and joint book runner, Morgan Stanley Senior Funding, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and BNP Paribas acted as syndication agents, Wells Fargo Bank, National Association acted as documentation agent and Morgan Stanley Senior Funding, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and BNP Paribas Securities Corp. acted as joint bookrunners of the credit facility.
Seagate Technology is the worldwide leader in the design, manufacture and marketing of hard disk drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions.
The Simpson Thacher team included Marissa Wesely, Jackie Kahng and Wei Guo (Credit), Katherine Gardner (IP), Jason Vollbracht (Tax), Mardi Merjian (Real Estate), Susan Kaufman (Executive Compensation and Employee Benefits) and Noreen Lavan (Environmental). Paralegal Allison Nichols also provided valuable assistance.