Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, in an offering of $550 million in aggregate principal amount of 2.375% Senior Notes due 2018 and $550 million in aggregate principal amount of 3.750% Senior Notes due 2023 by Total System Services, Inc. (“TSS”).
The net proceeds from the offering will be used to pay a portion of the approximately $1.4 billion purchase price for the Company’s acquisition of Netspend Holdings, Inc.
TSS is a global payment solutions provider that offers merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more to financial institutions, businesses and governments in more than 80 countries.
The Simpson Thacher team included Andy Keller, Paige Fleming and Lindsay Thomas (Capital Markets); Jonathan Cantor and Drew Purcell (Tax); Mindy Lok (Intellectual Property); Linda Barrett (Executive Compensation and Employee Benefits); Christopher Hultman and David Caldwell (Regulatory) and Jennie Getsin (Blue Sky).