Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, BofA Securities, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc., in connection with the registered public offering by Block Financial LLC, a wholly owned subsidiary of H&R Block, Inc. (“H&R Block”), of $650 million aggregate principal amount of 3.875% notes due 2030 guaranteed by H&R Block.
The net proceeds of the offering will be used to refinance Block Financial LLC’s outstanding 4.125% notes due 2020 and for general corporate purposes.
H&R Block (NYSE: HRB) provides global tax preparation, financial services and small business solutions primarily in the United States, and also in Canada and Australia.
The Simpson Thacher team included John C. Ericson, Kirsten Harmon, Christine Turner and Kyle Schwab (Capital Markets); Jonathan Cantor and Suzy Yaster (Tax); Genevieve Dorment (IP); Jennifer Neilsson (ECEB); and Jennie Getsin (FINRA/Blue Sky).