Simpson Thacher is representing an investor group led by Hellman & Friedman LLC and Permira Advisers LLC in connection with their obtaining commitments for the purpose of financing the investor group’s $10.2 billion proposed acquisition of Zendesk, Inc. (NYSE: ZEN). The debt commitments consist of a $3.75 billion senior secured term loan facility, a senior secured delayed draw term loan facility and a $350 million senior secured revolving credit facility. The preferred equity commitments consist of $500 million of Series A preferred equity. The transaction is expected to close in the fourth quarter of 2022 and is subject to customary closing conditions.
Zendesk is a customer relationship management company that connects more than 100,000 brands with hundreds of millions of customers over telephony, chat, email, messaging, social channels, communities, review sites and help centers.
The Simpson Thacher team includes Brian Steinhardt, Matthew Farrell, Patrick Wolff and Joann Kim (Banking & Credit); William B. Brentani and Anna LeGrett (Capital Markets); Atif Azher (Corporate); Jonathan Lindabury and Nathan Utterback (Derivatives); Robert Guo, Christian Segar and Jamie (Hong Joo) Lee (Funds); and Russell Light (Tax).