Simpson Thacher Represents Initial Purchasers in $500 Million Debt Offering by WPP
11.28.11
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The Firm represented the initial purchasers in connection with a Rule 144A/Regulation S offering of $500 million of 4.75% Senior Notes due 2021 issued by WPP Finance 2010, a finance subsidiary of WPP plc. The notes are guaranteed by WPP plc and certain of its subsidiaries.
The WPP group comprises one of the largest communication services businesses in the world. The group’s largest segment is advertising and media investment management, where it operates the advertising networks Ogilvy & Mather Worldwide, JWT, Y&R, Grey, Bates 141 and the United Network as well as media investment management companies such as MediaCom, MEC, Mindshare and Maxus.
The Simpson Thacher team for the debt offering included John Lobrano, Lia Toback, Toka Bolkvadze and Kevin O’Connor (Capital Markets), Jonathan Cantor and Drew Purcell (Tax) and Andrew Pagliughi (Blue Sky).