Simpson Thacher represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and the other initial purchasers in connection with the offering by IHS Markit Ltd. (“IHS Markit”) of $500 million of 4.75% Notes due 2025 pursuant to Rule 144A and Regulation S. The offering closed on February 9, 2017. IHS Markit intends to use the proceeds from the notes offering for working capital and other general corporate purposes, which initially will include repayment of IHS Markit’s indebtedness under its revolving credit facility and may in the future include share repurchases pursuant to a previously announced share repurchase program.
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide.
The Simpson Thacher team included, among others, Art Robinson, Marisa Stavenas, Teresa Chen, Niyati Roy and Sam Rudik (Capital Markets); William Smolinski (Tax); Michael Isby (Environmental); Jennifer Pepin and Monisha Bhayana (Executive Compensation and Employee Benefits); Genevieve Dorment and Lawrence Huang (Intellectual Property); and Jennie Getsin (Blue Sky).