TDR Capital Finances Its Acquisition of Hurtigruten
02.09.15
This is only gets display when printing
Simpson Thacher recently represented TDR Capital LLP in connection with the financing of its acquisition of Hurtigruten, including an offering of €455 million aggregate principal amount of 7.50% Senior Secured Notes due 2022 and a €65 million Revolving Credit Facility Agreement. The notes proceeds were used to refinance a €455 million bridge facility that had been drawn to finance the acquisition of Hurtigruten and repay its existing financing arrangements.
Hurtigruten is a cruise line, local transport, cargo shipment and exploration tourism operator centered around the Norwegian coast as well as Polar waters.
The Simpson Thacher team included Stephen Short, Linn Mayhew and Dee Afolami (Credit); Nick Shaw, Carol Daniel, Sven Frode Frolund, Anna Maria Galinska and Cleo Koh (Capital Markets); and Meredith Jones and Taylor Alexander (Tax).