Lincoln Completes €500 Million Additional Notes Offering
01.17.20
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Simpson Thacher represented Lincoln Financing Holdings Pte. Limited (“Lincoln”) and its affiliates in connection with an offering of additional Senior Secured Notes by Lincoln Financing S.à r.l. (“Issuer”). The offering consisted of a Rule 144A and Regulation S offering of €500 million of 3.625% Senior Secured Notes due 2024, which were issued under the indenture governing the Issuer’s €750 million of 3.625% Senior Secured Notes due 2024 and €600 million Floating Rate Senior Secured Notes due 2024. The transaction closed on January 14, 2020.
Lincoln is the indirect parent company of LeasePlan Corporation N.V. (“LeasePlan”) and is owned by a consortium of investors led by TDR Capital. LeasePlan is a global fleet management and vehicle mobility provider originally founded in the Netherlands in 1963 and currently operates in more than 30 countries across Europe, North and South America and the Asia-Pacific region.
The Simpson Thacher team included Nick Shaw, Carol Daniel, Pieter Lavens and Dominik Juster (Capital Markets); Stephen Short, Gert Raig and Andrew Paisley (Credit); Jonathan Cantor and Kelli Rivers (Tax); and Jeanne Annarumma (ERISA).