Simpson Thacher represented Tailored Brands, Inc. (“Tailored Brands” or the “Company”) in a cash tender offer to purchase 29.6 million shares of the Company’s common stock (the “Shares”) for an aggregate amount of $750 million and an exchange offer of 14.0 million Shares for 14.0 million shares of the Company’s Series A Mandatory Convertible Preferred Stock. Simpson Thacher also represented the Company in entering into the term loan facility in an aggregate principal amount of $550 million to partially fund the cash tender offer.
Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. The Company’s brands include Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.
The Simpson Thacher team included Roxane Reardon, Evan Zuckerman and John Balletta (Capital Markets); Christopher Brown, Jackie Song, Janhvi Barthwal and Suzanne Kaufman (Banking and Credit); Andrew Blau and Alisa Tschorke (ECEB); Russell Light, Jonathan Cantor, Eli Shalam and Tova Pfeffer (Tax); Courtney Welshimer (IP); and Tim Gallagher (Real Estate).