Simpson Thacher Represents Stonegate Pub Company on its £400 Million Senior Secured Notes Offering and Revolving Credit Facility
04.11.14
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Simpson Thacher represented a finance subsidiary of Stonegate Pub Company in connection with a Rule 144A and Regulation S offering of £400 million in aggregate principal amount of its Senior Secured Notes due 2019. Additionally Simpson Thacher represented a subsidiary of Stonegate Pub Company in connection with its entry into a new £25 million Revolving Credit Facility. The transaction closed on April 11, 2014. Stonegate Pub Company used the net proceeds from this offering to refinance certain of its outstanding indebtedness, make a distribution to its shareholders and for general corporate purposes.
Stonegate Pub Company is one of the largest managed pub companies in the United Kingdom. As of March 20, 2014 it operated from 623 sites throughout the United Kingdom.
The Simpson Thacher team included Nick Shaw, Wim De Vlieger, Uma Sud and Aled Knights (Capital Markets); Stephen Short, Linn Mayhew and Tanim Rahman (Credit); and Sean Fitzgerald (Tax).