The Firm represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a private offering of $800 million aggregate principal amount of 4.5% Senior Notes due 2028 (the “Notes”) by Gartner, Inc. (“Gartner”). The offering closed on June 22, 2020. The offering was upsized from $500 million to $800 million.
Gartner intends to use the net proceeds from the offering, together with cash on hand, to repay a portion of its outstanding borrowings under its term loan A facility, to repay all outstanding borrowings under its revolving credit facility and to pay related fees and expenses.
Gartner (NYSE: IT) is the world’s leading information technology research and advisory company. Headquartered in Stamford, Connecticut, Gartner has 16,000 associates, including over 2,000 research analysts and consultants, operating in more than 100 countries and works with more than 15,000 enterprises to research, analyze and interpret the business of IT within the context of those enterprises’ individual roles. Gartner publishes tens of thousands of pages of original research annually and answers roughly 250,000 client inquiries every year.
The Simpson Thacher team included Art Robinson, David Azarkh, Lisa Zhang and Frances Fuqua (Capital Markets); Michael Isby (Environmental); Jonathan Cantor and Zachary Fialkow (Tax); Corina McIntyre (Intellectual Property); Jennifer Neilsson (Executive Compensation and Employee Benefits); Timothy Gallagher (Real Estate); and Jennie Getsin (Blue Sky).