The Firm recently represented Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, U.S. Bancorp Investments, Inc., HSBC Securities (USA) Inc., SMBC Nikko Securities America, Inc. and Siebert Williams Shank & Co., LLC as the initial purchasers in connection with Square, Inc.’s (“Square”) offering of $1 billion aggregate principal amount of 2.75% Senior Notes due 2026, and $1 billion aggregate principal amount of 3.5% Senior Notes due 2031. The Notes were offered to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended.
Square builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business and access financing. And individuals use Cash App to spend, send, store and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain, Norway and the United Kingdom.
The Simpson Thacher team included Art Robinson, Dan Webb, Karen Reyes, Audrey Kim and Grace Bowers (Capital Markets); Tristan Brown and Ashlie Lawton (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Marcy Geller and Edward Grais (Tax); Genevieve Dorment and Melanie Jolson (Intellectual Property); and Jennie Getsin (Blue Sky).