Caliber Collision Completes $300 Million Senior Secured First Lien Notes Offering
05.15.20
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Simpson Thacher represented Wand Newco 2, Inc. and its subsidiaries (“Caliber Collision”) in connection with a Rule 144/Regulation S offering of $300 million aggregate principal amount of 7% Senior Secured First Lien Notes due 2026.
Caliber Collision is the largest provider of automobile collision repair services in the United States and specializes in providing industry leading customer service for consumers and integrated physical damage claim solutions to the insurance community. Caliber is consistently ranked among the highest customer satisfaction scores in the industry and backs all repair work with a written, lifetime warranty available at any of its repair centers.
The Simpson Thacher team for the transaction included William Brentani, Karen Reyes and Anna LeGrett (Capital Markets); Brian Steinhardt, Catherine Burns and Dorothy Hector (Credit); Tyler Robbins (Tax); and Corina Mcintyre (IP).