Simpson Thacher Advises MasterCard on First Bond Offering
03.31.14
This is only gets display when printing
The Firm advised MasterCard Incorporated on its inaugural $1.5 billion bond offering. The underwriters were led by Citigroup, BofA Merrill Lynch and Goldman, Sachs & Co.
MasterCard offered $500 million of 2.000% Notes due 2019 and $1 billion of 3.375% Notes due 2024. The net proceeds from the offerings will be used for general corporate purposes, which may include, but is not limited to, funding for working capital, investments in organic and inorganic growth, and shareholder returns.
MasterCard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
The Simpson Thacher team included Joshua Ford Bonnie, Hui Lin, Tadashi Okamoto and Michael Guo (Capital Markets) and Jonathan Cantor and Jodi L. Sackel (Tax).