Simpson Thacher represented Learfield Communications, LLC (together with its subsidiaries, “Learfield”) in connection with a recapitalization transaction, through which Learfield’s outstanding debt was reduced by over $600 million and $150 million in new equity investment was secured. Learfield’s majority ownership is now comprised of its lead capital providers, including Clearlake Capital Group, L.P., Charlesbank Capital Partners and funds managed by affiliates of Fortress Investment Group LLC.
Learfield is a leading media and technology company powering college athletics with ties to over 1,200 collegiate institutions and over 15,000 local and national brand partners.
The Simpson Thacher team included Catherine Burns, Leah Tendler, Austin Vance, Jule Walsh, Jacklyn Kornstein and Peter Simon (Credit); Elisha Graff (Restructuring); Michael Mann (Tax); Courtney Welshimer (Intellectual Property); J. Pasco Struhs (ECEB); and Jon Pall (Collateral).