PPD Completes $1.2 Billion Senior Notes Offering
06.05.20
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Simpson Thacher represented PPD, Inc. and its subsidiaries (“PPD”) in connection with a Rule 144/Regulation S offering of $1.2 billion of Senior Notes, consisting of $500 million aggregate principal amount of 4.625% Senior Notes due 2025 and $700 million aggregate principal amount of 5% Senior Notes due 2028.
PPD is a leading global contract research organization and has been in the drug development business for more than 30 years. PPD provides comprehensive, integrated clinical development and laboratory services to companies and other participants in the biopharmaceutical industry.
The Simpson Thacher team included William Brentani, Luis R. Pellerano, Anna LeGrett and Michaela Dion (Capital Markets); Jonathan Cantor and Abigail Hopper (Tax); and Dean Masuda and Michael Peragine (Credit).