Paysafe Completes Senior Secured Notes Offering
07.09.21
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Simpson Thacher represented Paysafe Finance PLC and Paysafe Holdings (US) Corp., each a wholly owned subsidiary of Paysafe Limited (NYSE: PSFE) (“Paysafe”), in connection with an offering of $400 million aggregate principal amount of 4% Senior Secured Notes due 2029 and €435 million aggregate principal amount of 3% Senior Secured Notes due 2029 pursuant to Rule 144A and Regulation S. Proceeds of the offering were used to repay certain existing indebtedness.
Paysafe is a leading integrated payments platform, with a two-sided consumer and merchant network, whose core purpose is to enable businesses and consumers around the world to connect and transact seamlessly through payment processing, digital wallet and online cash solutions.
The Simpson Thacher team included William Golden, Jonathan Ozner, Jonathan Pacheco, Cristina Liebolt, Drake Carden, Emma O’Hara, Blake Delaplane and Matthew Mai (Capital Markets); Jonathan Pall (Collateral); and Andrew Purcell and Stefan Golubovic (Tax).