Simpson Thacher Represents Initial Purchasers in $375 Million Senior Notes Offering by Plastipak Holdings, Inc.
10.15.13
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Simpson Thacher recently represented the initial purchasers, including J.P. Morgan, Wells Fargo Securities, RBS, BofA Merrill Lynch and Goldman, Sachs & Co., in connection with a Rule 144A/Regulation S high yield offering of $375 million 6.500% Senior Notes due 2021 by Plastipak Holdings, Inc. The Firm also represented J.P. Morgan as dealer manager in connection with Plastipak’s cash tender offer for any and all of its outstanding 10.625% Senior Notes due 2019.
Plastipak is a leading global designer, manufacturer and supplier of plastic packaging containers and preforms for many of the world’s largest consumer products companies. For the twelve months ended August 3, 2013, Plastipak manufactured and distributed approximately 9.5 billion containers and 12.1 billion preforms worldwide.
The Simpson Thacher team included John C. Ericson, Brian E. Rosenzweig and Jessica Garcia (Capital Markets); Dan Foster (Tax); David Rubinsky and Scott Mathias (Executive Compensation and Employee Benefits); Zara Ohiorhenuan (IP); Tim Mulvihill (Environmental); and Andrew Pagliughi (Blue Sky).