The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC, in the offering of $315 million aggregate principal amount of 0.25% Convertible Senior Notes due 2026 by Verint Systems Inc. (“Verint Systems”), which includes the full exercise of the initial purchasers’ option to purchase additional Notes.
In addition, the Firm represented certain of the initial purchasers and/or their respective affiliates and other financial institutions in connection with the capped call transactions relating to the common stock of Verint Systems, entered into concurrently with the offering of the Notes.
The Firm also represented the lead arranger and joint bookrunners in connection with a new $300 million Revolving Facility for Verint Systems.
Verint Systems is an analytic software company focused on helping brands enhance customer engagement.
The Simpson Thacher team included Roxane Reardon, Matt Hart and Lorin Hom (Capital Markets); Jonathan Lindabury, Caitlin Wood and Jakarri Hamlin (Derivatives); Patrick Ryan, Leah Nudelman, Dennis Durkin and Heather Lee (Credit); Genevieve Dorment (IP); Benjamin Rippeon and Edward Grais (Tax); Adeeb Fadil (Environmental); Jeanne Annarumma and Pasco Struhs (ERISA); and Andrew Pagliughi (Blue Sky).