Simpson Thacher recently represented Avantor, Inc. (“Avantor”) in two significant capital markets transactions.
In August 2020, the firm represented Avantor and an entity affiliated with New Mountain Capital in connection with a secondary offering of Avantor common stock by New Mountain Capital and other selling stockholders. The offering of 63,888,888 shares of Avantor’s common stock raised approximately $1.25 billion in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering.
In July 2020, the firm represented Avantor in connection with private offerings by a wholly-owned subsidiary of approximately $2 billion in senior notes, consisting of $1,550,000,000 aggregate principal amount of 4.625% Senior Notes due 2028 and €400,000,000 aggregate principal amount of 3.875% Senior Notes due 2028. The proceeds from the offerings were used to redeem all of such subsidiary’s existing 9% Senior Notes due 2025.
Avantor (NYSE: AVTR) is a leading global provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries.
The Simpson Thacher team included Joe Kaufman, Ryan Bekkerus, Jessica Asrat, Hyo Min Kim and Lauren Maxfield (Capital Markets); Abram Ellis (Regulatory); Jamin Koslowe (Executive Compensation and Employee Benefits); John Creed and Sophie Staples (Tax); Adeeb Fadil and Noreen Lavan (Environmental); and Lori Lesser and Alysha Sekhon (Intellectual Property).