Simpson Thacher Represents Underwriters in Debt Offering for Susquehanna Bancshares, Inc.
08.22.12
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The Firm represented the underwriters, led by J.P. Morgan Securities LLC, in connection with a $150 million public offering of Senior Notes of Susquehanna Bancshares, Inc. The net proceeds from this offering, along with available cash, will be used for general corporate purposes and to redeem certain of Susquehanna Bancshares, Inc.’s subordinated and junior subordinated notes and debentures.
Susquehanna Bancshares, Inc. is a financial holding company, headquartered in Pennsylvania, which provides a wide range of retail and commercial banking and financial services through its commercial bank subsidiary, Susquehanna Bank. The bank presently has approximately 260 bank offices and approximately $18 billion of assets.
The Simpson Thacher team for the offering included, among others, Andy Keller, Daniel Bae and Aditya Basrur (Capital Markets), Jon Cantor and Anthony Minervini (Tax), Mark Chorazak (Bank Regulatory), Jeanne Annarumma (Executive Compensation and Employee Benefits) and Jennie Getsin (Blue Sky). Summer Associate Michael Carnevale provided valuable assistance.