Simpson Thacher Represents SunGard Data Systems Inc. in $720 Million Senior Secured Term Loan Financing and Extension of its $275 Million Receivables Facility
12.21.12
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The Firm recently represented SunGard Data Systems Inc. in connection with its entrance into a $720 million incremental term loan facility under its senior secured credit agreement and the maturity extension of, and other amendments to, its $275 million receivables facility. The proceeds of the term loan facility are being used to fund a dividend.
SunGard is one of the world's leading software and technology services companies, with more than 20,000 employees, and serves 25,000 customers in 70 countries.
The Simpson Thacher team for the incremental term loan transaction included Jennifer Hobbs, Mark Maher and Jasmine Kaufman and for the receivables transaction included James Cross, Laura Palma, Brian Gluck and Eva-Maria Aronovitch.