Simpson Thacher Represents Initial Purchasers in Senior Secured Notes Offering by NH Hoteles, S.A.
11.13.13
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The Firm represented the initial purchasers, led by joint global coordinators and bookrunning managers J.P. Morgan Securities plc and Deutsche Bank AG, London Branch, in connection with a 144A and Regulation S offering of €250 million 6.875% senior secured notes due 2019 by NH Hoteles, S.A. The proceeds of the offering, together with the proceeds of the Issuer’s concurrent offering of convertible bonds and borrowings under new senior credit facilities, were used to refinance outstanding indebtedness.
NH Hoteles is a leading international hotel operator that operated 386 hotels in 26 countries.
The Simpson Thacher team for the offering included Carol Daniel, Federico Fruhbeck and Adam Wollstein (Capital Markets); Euan Gorrie (Credit); Sean FitzGerald (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).