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 3.75% Senior Notes due 2030 (the “Notes”) by Gartner, Inc. (“Gartner”). The offering closed on September 28, 2020. Since its debut high yield offering in 2017, the Firm has represented the initial purchasers in connection with approximately $2.5 billion of high yield debt financings by Gartner.
Gartner intends to use the net proceeds from the offering, together with cash on hand, to redeem its existing 5.125% Senior Notes due 2025 in full and to pay related fees and expenses.
Gartner (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Gartner equips business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Gartner’s unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Gartner is a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries—across all major functions, in every industry and enterprise size.
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).