Simpson Thacher Represents Underwriters in $750 Million Debt Offering by WPP
09.19.14
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The Firm recently represented the underwriters in connection with a registered public offering of $750 million of 3.750% Senior Notes due 2024 issued by WPP Finance 2010, a finance subsidiary of WPP plc. The notes are guaranteed by WPP plc and certain of its subsidiaries.
The WPP group comprises one of the largest communication services businesses in the world. The group’s largest segment is advertising and media investment management, where it operates the advertising networks Ogilvy & Mather Worldwide, JWT, Y&R, Grey, Bates CHI & Partners and United Visions GmbH, as well as media investment management companies such as MediaCom, MEC, Mindshare, Maxus and tenthavenue.
The Simpson Thacher team included John Lobrano, Lia Toback and Caroline Gross (Capital Markets); Jonathan Cantor and Drew Purcell (Tax); and Andrew Pagliughi and Jennie Getsin (FINRA and Blue Sky).