Simpson Thacher Represents Barclays in Registered Offering of Ordinary Shares by Orbotech
06.21.16
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Simpson Thacher recently represented Barclays Capital Inc. as underwriter in connection with a registered public offering by Orbotech Ltd. of 3,850,000 ordinary shares. Orbotech plans to use the net proceeds of approximately $100 million to repay a portion of its outstanding indebtedness. The ordinary shares are listed on the NASDAQ Global Select Market under the ticker symbol “ORBK.”
Orbotech is headquartered in Yavne, Israel and is a global innovator of enabling technologies used in the manufacture of the world’s most sophisticated consumer and industrial products throughout the electronics and adjacent industries.
The Simpson Thacher team included Joseph Kaufman, Tony Rim and Joseph Bishop-Boros (Capital Markets); Gabriel Weiner (Intellectual Property); Andrew Purcell (Tax); and Andrew Pagliughi (FINRA and Blue Sky). Summer Associate William Decker also provided valuable assistance.