Simpson Thacher Represents New Look in Connection with its £1.2 Billion (Equivalent) Senior Secured Notes and Senior Notes Offering and Revolving Credit Facility
07.01.15
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The Firm represented New Look Secured Issuer plc in connection with its offering of £700 million aggregate principal amount of 6.5% Senior Secured Notes due 2022 and €415 million aggregate principal amount of Floating Rate Senior Secured Notes due 2022 and New Look Senior Issuer plc in connection with its offering of £200 million aggregate principal amount of 8% Senior Notes due 2023. In addition, the Firm represented New Look in connection with its entry into a new £100 million Revolving Credit Facility to refinance its existing £75 million Revolving Credit Facility.
Founded in 1969, New Look is an established value fashion retail leader positioned in the growing value segment of the U.K. clothing and footwear market. As of March 28, 2015, the New Look group had 809 stores globally and an e-commerce platform serving customers in approximately 120 countries.
The Simpson Thacher team included Nick Shaw, Carol Daniel, Noam Katz and Spencer Patton (Capital Markets); Shahpur Kabraji and Nicholas Brocklebank (Credit); Meredith Jones and David Holmberg (Tax); and Linford Coates (Corporate).