Simpson Thacher Represents Initial Purchasers in £100 Million Notes Offering by Moy Park
05.06.15
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Simpson Thacher recently represented the initial purchasers, led by Deutsche Bank, Goldman Sachs and HSBC, in an offering by a finance subsidiary of Moy Park Holdings (Europe) Limited, of £100 million aggregate principal amount of 6.25% Notes due 2021, which were offered as a further issuance of the issuer's £200 million aggregate principal amount of 6.25% Notes due 2021 that were originally issued on May 29, 2014. The Notes are unconditionally and irrevocably guaranteed by Moy Park Holdings (Europe) Limited and certain subsidiaries.
Moy Park is a leading U.K. food company, providing poultry and convenience food products to major retailers and foodservice customers across the U.K., Ireland and Continental Europe. Moy Park is a wholly owned subsidiary of Marfrig Global Foods S.A., a Brazilian publicly held corporation that is one of the world’s largest protein producers with a well-established global production and distribution platform that services more than 110 markets globally.
The Simpson Thacher team included Grenfel S. Calheiros, Jessica Finz and Tosca Augustin (Corporate - Sao Paulo); Mark Brod (Capital Markets - New York); and Meredith Jones and Joseph Tootle (Tax - London).