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The Firm recently represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, as initial purchaser, in connection with a US$250 million inaugural international bond offering of 4.375% Senior Notes due 2018 by Tanner Servicios Financieros S.A.  The bonds were offered and sold pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.

Tanner is a leading Chilean non-banking financial institution, offering a variety of products and services through its principal business lines: domestic factoring, international factoring, auto financing and leasing. Tanner intends to use the net proceeds from the offering to repay outstanding indebtedness and for general corporate purposes.

The Simpson Thacher team for this transaction included Juan Francisco Mendez, William A. Langer, Francesco Giuliano, Regina Madrid Pesqueira as well as former associate Michele Murphy (Capital Markets); and Chang Won Choi and Sophie A. Staples (Tax).