Simpson Thacher Represents Initial Purchasers in Notes Offering by IHS Markit
07.24.17
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Simpson Thacher represented Wells Fargo Securities, LLC and the other initial purchasers in connection with the offering by IHS Markit Ltd. (“IHS Markit”) of $300 million of additional 4.75% Notes due 2025 pursuant to Rule 144A and Regulation S. The offering closed on July 13, 2017. IHS Markit intends to use the proceeds from the notes offering for working capital and other general corporate purposes, which may include repayment of IHS Markit’s indebtedness or share repurchases pursuant to a previously announced share repurchase program. Pending these uses, IHS Markit intends to repay outstanding amounts under a Revolving Credit Facility.
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, Brian Rosenzweig and Evan Zuckerman (Capital Markets); William Smolinski (Tax); Michael Isby (Environmental); Joo Hyun Lee and Monisha Bhayana (Executive Compensation and Employee Benefits); Lawrence Huang (Intellectual Property); and Jennie Getsin (Blue Sky). Summer Associate Abigail Majane also provided valuable assistance.