Simpson Thacher represented Boxer Parent Company Inc., the indirect parent of BMC Software, Inc. (“BMC”), in connection with the Rule 144A/Regulation S offerings of $600 million aggregate principal amount of its 7.125% Senior First Lien Notes due 2025, €370 million aggregate principal amount of its 6.5% Senior First Lien Notes due 2025 and $350 million aggregate principal amount of its 9.125% Senior Second Lien Notes due 2026. Simpson Thacher also advised BMC in connection with an increase to lender commitments under its existing revolving credit facility from $400 million to $475 million.
BMC used the net proceeds of the offering to fund a portion of the purchase price for its previously announced acquisition of Compuware, a leading provider of mainframe application development, delivery and performance solutions.
BMC delivers software and services that enable over 10,000 global customers, including 84% of the Forbes Global 100, to thrive in their ongoing evolution to an Autonomous Digital Enterprise.
The Simpson Thacher team includes Ryan Bekkerus, Tony Rim, Matt Petrone and Adriana Estor (Capital Markets); Cristina Gonzalez and Michael Peragine (Credit); Dave Rubinsky and Alyssa Ohanian (Executive Compensation and Employee Benefits); Nancy Mehlman and Sophie Staples (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Krista McManus and Timothy Gallagher (Real Estate); and Mike Isby (Environmental).