Simpson Thacher Represented DJO Finance LLC and DJO Finance Corporation in Acquisition Finance Transactions
04.12.11
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Simpson Thacher represented DJO Finance LLC and DJO Finance Corporation, wholly-owned subsidiaries of DJO Global, Inc., as co-issuers in connection a Rule 144A offering of $300 million aggregate principal amount of 7.75% Senior Notes due 2018, guaranteed by each of DJO Finance LLC's direct and indirect wholly owned domestic subsidiaries. The deal closed on April 7, 2011. DJO used the net proceeds from the offering to fund the acquisition of Rikco International, LLC, D/B/A Dr. Comfort, a provider of therapeutic footwear, to pay fees and expenses associated with the acquisition and the related financing and to repay borrowings under DJO’s senior secured revolving credit facility.
DJO is a global developer, manufacturer and distributor of high-quality medical devices and services that provide solutions for musculoskeletal health, vascular health and pain management. DJO continues to be owned primarily by affiliates of Blackstone Capital Partners V L.P.
The Simpson Thacher team included Richard Fenyes, Jiyoung Sohn and Daniel Bae (Capital Markets); Brian Steinhardt and Jason Friedman (Credit); Jonathan Cantor and Amie Broder (Tax); Mindy Lok (Intellectual Property); Timothy Mulvihill (Environmental); and Gregory Grogan and Craig Katerberg (Executive Compensation & Employee Benefits). Corporate paralegal Lauren Koffler also provided valuable assistance.