The Firm represented PagesJaunes Groupe S.A. and PagesJaunes Finance & Co. S.C.A., a stand-alone special purpose vehicle, in the offering of €350 million aggregate principal amount of 8.875% senior secured notes due 2018.
The proceeds of the offering were used for the partial prepayment of certain term indebtedness outstanding under PagesJaunes Groupe’s senior facilities agreement.
PagesJaunes is one of the leading players in local advertising and information searches in France. Its services can be accessed through fixed and mobile internet, in the form of printed directories, and through an SMS and telephone directory enquiry service.
The Simpson Thacher team for the offering included Nick Shaw, Mark Brod, Till Lefranc and Nicolas Ferre (Capital Markets), Tom Lloyd (Credit), Jeanne Annarumma (Executive Compensation and Employee Benefits) and Sean Austin (Tax).