Simpson Thacher Represents HSS Hire on its £200 Million Senior Secured Notes Offering and Revolving Credit Facility
02.25.14
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Simpson Thacher represented a finance subsidiary of HSS Hire in connection with a Rule 144A and Regulation S offering of £200 million aggregate principal amount of its 6.75% Senior Secured Notes due 2019. Additionally Simpson Thacher represented a subsidiary of HSS Hire in connection with its entry into a new £60 million Revolving Credit Facility. The transaction closed on February 6, 2014. HSS Hire used the net proceeds from this offering to refinance certain of its outstanding indebtedness.
HSS Hire was founded in 1957 and is a leading supplier of tools and equipment hire and related services in the United Kingdom and Ireland. As of January 29, 2014, it operated from over 250 locations throughout the United Kingdom and Ireland.
The Simpson Thacher team included Nick Shaw, Mark Brod, Uma Sud and Aled Knights (Capital Markets); Kate Sinclair and Fiona Swords (Credit); and Sean Fitzgerald (Tax).