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Simpson Thacher represented Gestamp Automoción, S.A. (“Gestamp”), in connection with the issue and sale by Gestamp Funding Luxembourg S.A., a directly owned finance subsidiary of Gestamp, of €500 million aggregate principal amount of 5.875% Senior Secured Notes due 2020 and $350 million aggregate principal amount of 5.625% Senior Secured Notes due 2020 (equivalent to, in aggregate, approximately €768 million). Simpson Thacher also represented Gestamp in connection with its entry into of a new €850 million syndicated term loan and revolving credit facility agreement. The notes and the new credit facilities are both secured by a first-priority security interest in the share capital of certain subsidiaries of Gestamp, together with guarantees from Gestamp and certain of its direct and indirect operating subsidiaries. The net proceeds of the offering and of the utilization of the term facility under the new credit facility agreement have been used to refinance Gestamp’s existing debt structure and for other corporate purposes.

Gestamp is a leading global automotive supplier active in the design, development and manufacture of metal components and assemblies for sale to original equipment manufacturers such as Volkswagen, Renault-Nissan, PSA Peugeot Citroën, Daimler, General Motors and BMW. With 94 production facilities in 19 countries over four continents and an annual revenue of €5.8 billion, Gestamp is the number 1 supplier of automotive body-in-white and chassis products globally.

The Simpson Thacher team included Sinjini Saha and Tom Merrifield (Capital Markets); Euan Gorrie, Manas Chandrashekar and Tanim Rahman (Credit); and Meredith B. Jones and Sean M. FitzGerald (Tax).