Stonegate Completes £80 Million Senior Secured Notes Offering
10.12.15
This is only gets display when printing
Simpson Thacher represented Stonegate Pub Company Financing plc (“Stonegate”), a TDR portfolio company, in connection with a Rule 144A and Regulation S offering of £80 million in aggregate principal amount of its Senior Secured Notes due 2019. The transaction closed on October 7, 2015. Stonegate used the net proceeds from this offering to repay borrowings under a senior secured term loan facility that was used to finance the consideration for the acquisition by certain entities within the Stonegate group of freehold pubs and certain other assets.
The Stonegate group is a leading managed pub operator in the United Kingdom.
The Simpson Thacher team included Nick Shaw, Uma Sud and Spencer Patton (Capital Markets); Stephen Short, Nicholas Brocklebank and Ambarish Dash (Credit); and Meredith Jones, Joseph Tootle and Jackie Clinton (Tax).