Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a 144A/Regulation S offering of $300 million aggregate principal amount of 5.875% Senior Secured Notes due 2025 issued by Clark Equipment Company, and guaranteed on a senior secured basis by its parent entity, Doosan Bobcat Inc. (“Doosan Bobcat”). The net proceeds from the offering will be used for general corporate purposes.
Doosan Bobcat is a leading global manufacturer and distributor of construction equipment, related attachments and portable power equipment, with premium brands such as “Bobcat” and “Doosan.”
The Simpson Thacher team included Art Robinson, Brian Rosenzweig, Matt Hart, Camilla Johnson and Evan Hunt (Capital Markets); Michael Vernace and Remy Denner (Banking & Credit); Jonathan Pall (Collateral); Timothy Gallagher (Real Estate); Andrew Purcell (Tax); Genevieve Dorment and Bobbie Burrows (IP); Eric Wolf (ECEB); Adeeb Fadil and Noreen Lavan (Environmental); Jennie Getsin (Blue Sky); and Jeanne Annarumma (ERISA). Joongwon Park, Ki Hoon Kim and Oscar Hwang also provided valuable assistance on this transaction.