Simpson Thacher Represents Dealer Manager in Tender Offer and Consent Solicitation by Conduent
07.30.18
This is only gets display when printing
The Firm represented Citigroup Global Markets Inc., as the dealer manager, in connection with an offer to purchase and solicitation of consents by Conduent Finance, Inc. and Conduent Business Services, LLC (formerly known as Xerox Business Services, LLC) (together, the "Issuers") for of any and all of their outstanding 10.5% Senior Notes due 2024 (the "Notes"). On July 12, 2018, the Issuers accepted for purchase $475.883 million aggregate principal amount of the Notes (representing approximately 93.31% of the outstanding Notes) validly tendered in connection with the tender offer and received sufficient consents from holders of the Notes to adopt certain proposed amendments to the indenture governing the Notes. The tender offer expired on July 26, 2018, and no additional Notes were validly tendered.
Conduent creates digital platforms and services for businesses and governments to manage millions of interactions every day for those they serve.
The Simpson Thacher team for the tender offer included David Azarkh, John D. Lobrano and Conor Colasurdo (Capital Markets); and Jonathan Cantor and Sarah Duffy (Tax).