Simpson Thacher recently represented Hub International Limited (“Hub”) in connection with Hub’s private placement of $350 million aggregate principal amount of 7% Senior Notes due 2026 (the “New Notes”). The New Notes were issued as additional notes under the same indenture governing Hub’s $1.32 billion aggregate principal amount of 7% Senior Notes due 2026 that were issued on April 25, 2018 (the “Original Notes”). The New Notes have identical terms to, and will be treated as a single series with, the Original Notes.
Hub is one of the leading insurance brokers in North America, providing a broad array of insurance-related products and services, including property and casualty, employee benefits, life and health, and risk management. Hub offers commercial and specialized insurance products and services to businesses, personal insurance products and services to individuals and program products and services to affinity groups and associations.
The Simpson Thacher team included William Brentani, Ryan Coombs, Andy Roy, Estell Lee and Audrey Kim (Capital Markets); Jacqueline Clinton (Tax); Brian Steinhardt and Dean Masuda (Banking and Credit); and David Rubinsky and Eric Wolf (Executive Compensation and Employee Benefits).