Simpson Thacher Represents Initial Purchasers in €150 Million Additional Notes Offering by Selecta
10.24.19
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Simpson Thacher represented Goldman Sachs, KKR Capital Markets and Credit Suisse in connection with an offering of additional Notes by Selecta Group B.V. (“Selecta”), a KKR portfolio company. The offering consisted of a Rule 144A and Regulation S offering of €100 million 5.875% Senior Secured Notes due 2024 and €50 million Senior Secured Floating Rate Notes due 2024 and constituted a further offering under the indenture governing Selecta’s existing €765 million 5.875% Senior Secured Notes due 2024, €325 million Senior Secured Floating Rate Notes due 2024 and CHF 250 million 5.875% Senior Secured Notes due 2024. The offering closed on October 21, 2019. The net proceeds from the offering were used to repay outstanding amounts under Selecta’s revolving credit facility agreement and to fund cash on its balance sheet for general corporate purposes.
Selecta is a leading route-based unattended self-service coffee and convenience food provider in Europe.
The Simpson Thacher team included Nick Shaw, Carol Daniel and Surya Bala (Capital Markets); Shahpur Kabraji, Gert Raig, George Dyesmith and Hannah Ho (Credit); and Kelli Rivers (Tax).