eircom Finance DAC Completes €500 Million Senior Secured Notes Offering
06.28.16
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Simpson Thacher represented eircom Finance DAC, an affiliate of eircom Holdings (Ireland) Limited (“eircom”), in connection with a Rule 144A and Regulation S offering of €500 million in aggregate principal amount of its Senior Secured Notes due 2022. The transaction closed on June 17, 2016. eircom has used the net proceeds from this offering to redeem in full its outstanding notes and prepay its outstanding term loan B2 facility.
eircom is the principal provider of fixed line telecommunications and the third largest mobile telecommunications provider in Ireland.
The Simpson Thacher team included Gil J. Strauss, Uma Sud, Noam Katz, Cleo Koh, Anna Pollak and Adrika Ray (Capital Markets); and Meredith Jones and Joseph Tootle (Tax).