Simpson Thacher Represents J.P. Morgan and Bank of America in Connection with the Committed Financing of IHS Inc.’s Acquisition of R. L. Polk & Co./Carfax
06.17.13
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Simpson Thacher is representing JPMorgan Chase Bank, N.A. as administrative agent and J.P. Morgan Securities LLC as lead arranger and bookrunner in connection with the $680 million committed financing for the $1.4 billion acquisition of R.L. Polk & Co. by IHS Inc. The acquisition is expected to be consummated later this year.
Simpson Thacher is also representing J.P. Morgan Securities LLC as lead arranger and joint bookrunner for proposed amendments to IHS's $1.473 billion 2011 credit facility and Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arranger and joint bookrunner for proposed amendments to IHS's $250 million 2012 credit facility. The proposed amendments would allow IHS to acquire R.L. Polk & Co. and incur indebtedness in connection therefor.
R.L. Polk & Co. is the owner of the used-car shopping tool Carfax and is a leading provider of data about the automotive market.
IHS Inc. offers forecasting and data services in a wide range of industries.
The Simpson Thacher team includes James T. Knight, Seth Niedermayer and Adam Moss (Credit), Ed Chung (M&A), Sophie Staples (Tax), Joyce Xu and Bennet Surajat (Derivatives), Michael Isby (Environmental) and Jamin Koslowe (ECEB).