Suntory Completes $1 Billion Senior Notes Offering
10.03.14
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Simpson Thacher recently represented Suntory Holdings Limited (“Suntory”) in connection with a Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 1.65% Senior Notes due 2017 and 2.55% Senior Notes due 2019. Suntory used the net proceeds of the offering to repay certain borrowings under its bridge loan facility that were incurred in connection with the acquisition of Beam Inc. (subsequently renamed Beam Suntory Inc.) in May 2014.
Established in 1899 and registered in Osaka, Japan, Suntory is a globally diversified beverages and foods manufacturer. Suntory’s product portfolio includes soft drinks, food products, beer, whisky and other spirits, alcoholic ready-to-drink beverages, wine and health supplements.
The Simpson Thacher team for the transaction included David Sneider, Alan Cannon and Shannon Itoyama (Capital Markets); Jon Cantor and Vanessa Grieve (Tax); and Brian Robbins and Jeanne Annarumma (ERISA).