Alliance Automotive Finance Completes €180 Million Senior Secured Notes Offering
10.19.16
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Simpson Thacher represented certain Blackstone investment funds and Alliance Automotive Finance plc, an affiliate of Alliance Automotive Group S.A.S. (“AAG”), in connection with a Rule 144A and Regulation S offering of €180 million in aggregate principal amount of its Senior Secured Notes due 2021. The transaction closed on October 19, 2016. AAG will use the net proceeds from this offering to finance the acquisition of FPS Distribution Limited and its subsidiaries, to pay fees and expenses in connection with the offering of the notes and the acquisition, and to fund cash on balance sheet.
AAG operates in the independent aftermarket distributor channel for automotive spare parts and services in France, the U.K. and Germany.
The Simpson Thacher team included Gil J. Strauss, Uma Sud, Cleo Koh and Anna Pollak (Capital Markets); Antti Pesonen, Kavita Davis and Alexander Volsky (Credit); Meredith Jones and Jacqueline Clinton (Tax); and Jeanne Annarumma (ERISA).