The Firm recently represented RadioShack Corporation in connection with an offering of $325 million aggregate principal amount of 6.750% Senior Unsecured Notes due 2019. The offering was conducted in reliance upon Rule 144A and Regulation S.
The initial purchasers for the offering were led by BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities. The net proceeds from the offering will be used for general corporate purposes, which may include the repurchase of RadioShack common stock pursuant to its share repurchase program.
RadioShack is a leading national consumer electronics goods and services retailer, offering a broad selection of mobile technology products and services, as well as products related to personal and home technology and power supply needs.
The Simpson Thacher team for the transaction included, among others, Art Robinson, Lesley Peng, Rohith Parasuraman and Jo Djekovic (Capital Markets), Jonathan Cantor and Chang Won Choi (Tax), Brian Robbins and Jennifer Pepin (Executive Compensation and Employee Benefits), Michael Isby (Environmental) and Scott Dyer (Labor).