The Firm represented Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC, Jefferies LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Mizuho Securities USA Inc. and SMBC Nikko Securities America, Inc., as the initial purchasers of notes, the proceeds of which were used to finance a portion of the $7.4 billion total consideration for the acquisition of the information management business (“Veritas”) of Symantec Corporation by funds affiliated with The Carlyle Group L.P. and GIC Special Investments Ptd. Ltd. The Firm also represented Bank of America, N.A., as administrative agent, Bank of America, N.A., Morgan Stanley Senior Funding, Inc., UBS Securities LLC and Jefferies Finance LLC, as joint lead arrangers and joint bookrunners, Barclays Bank PLC, Citibank, N.A., Credit Suisse Securities (USA) LLC and Goldman Sachs Bank USA as joint bookrunners, and Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation as co-managers of a new revolving facility and new term loan facilities.
Veritas is a market leader in information management software and solutions that help organizations protect, manage and analyze their mission-critical enterprise data, such as emails, documents and spreadsheets, as well as their applications, such as financial, human resources, supply chain management and enterprise resource planning systems, collaboration tools and databases.
The Simpson Thacher team for the transactions included Art Robinson, David Azarkh, Sung Bum Cho, Erica Lee and Patrick McCamy (Capital Markets); Alexandra Kaplan, Jessica Tuchinsky, Chinh Vo, Jessica Asrat, Stephanie Rotter, Amy Ward and Jennison Smith (Credit); Mike Isby and Timothy Mulvihill (Environmental); Aimee Adler and Holly Gurian (Employee Benefits); Genevieve Dorment (Intellectual Property); Taylor Alexander (Tax); Krista McManus (Real Estate); Joyce Xu and Andrew Des Rault (Derivatives); and Jennie Getsin (Blue Sky).