Simpson Thacher Represents MDC Partners Inc. in Add-on Issuance of High-Yield Notes
04.19.11
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Simpson Thacher represented MDC Partners Inc. (“MDC”) in connection with a Rule 144A/Regulation S offering of $55 million aggregate principal amount of its 11% Senior Notes due 2016, fully and unconditionally guaranteed by all of its wholly owned subsidiaries. The initial purchasers were led by J.P. Morgan Securities LLC. The notes were issued as additional notes under an existing indenture, pursuant to which MDC issued $225 million and $65 million aggregate principal amount of 11% Senior Notes due 2016 in October 2009 and May 2010, respectively. The notes offering closed on April 19, 2011.
MDC is a Business Transformation Organization that utilizes technology, marketing communications, data analytics and insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, Europe, and the Caribbean.
The Simpson Thacher team included: Risë B. Norman, Vanessa K. Browder and John D. Pitts (Capital Markets); Jonathan E. Cantor and Christian L. Miller (Tax); Keren Siman-Tov (Intellectual Property); and Jamin R. Koslowe and Jeanne M. Annarumma (Executive Compensation and Employee Benefits). Paralegal Desiree Wiggins also provided valuable assistance.