Simpson Thacher Represents Initial Purchasers in Offering of $200 Million Senior Secured Second-Priority Notes for Lions Gate Entertainment Inc.
05.19.11
This is only gets display when printing
The Firm represented the initial purchasers, led by J.P. Morgan, in connection with the issuance by Lions Gate Entertainment Inc. of $200 million aggregate principal amount of 10.25% Senior Secured Second-Priority Notes due 2016. The offering is a reopening of a series of notes originally issued in 2009. The notes are guaranteed by the issuer's parent company and certain subsidiaries of the parent and the issuer. The net proceeds will be used to repay outstanding debt under the issuer’s revolving credit facility and for other general corporate purposes.
Lions Gate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms.
The Simpson Thacher team for the offering included Bill Brentani, Dan Webb, Jared Grauer and Robert Guo (Securities); Erik Hepler and Ravi Agarwal (Collateral); Dan Foster (Tax); Keren Siman-Tov (Intellectual Property); and Tristan Brown and Grace Lin (Executive Compensation and Employee Benefits). Paralegals Krushna Merchant and Jamie Thai also provided valuable assistance.