William B. Brentani

Simpson Thacher represented CBRE Group in connection with an offering by CBRE Services of $1 billion in aggregate principal amount of 5.95% Senior Notes due 2034. The net proceeds of the offering will be used for general corporate purposes, including repayment of any loans outstanding from time to time under its revolving credit facility.~~CBRE Group (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue).~~The Simpson Thacher team included William Brentani, Kelli Schultz, Jesse Feng and Christian Sheets (Capital Markets); and Jonathan Cantor and Adam Hersch (Tax). Summer Associate Alex Hyojung Roh provided invaluable assistance.

Jun 26

1 min

The Firm represented Hub International Limited (“HUB”) in connection with its Rule 144A and Regulation S offering of $1.1 billion aggregate principal amount of 7.250% Senior Secured Notes due 2030 (the “New Secured Notes”) and $1.9 billion aggregate principal amount of 7.375% Senior Notes due 2023 (the “Unsecured Notes”).~~In addition, the Firm represented HUB in connection with an incremental amendment to (i) incur a term loan facility in an aggregate principal amount of $4.86 billion (the “2024 Term Loan Facility”) and (ii) increase the aggregate principal amount of the U.S. revolving credit facility to $750.0 million (collectively, the “Amendments” and the amended credit facilities, the “Senior Secured Credit Facilities”).~~HUB intends to use the net proceeds from the Notes offering, together with borrowings under the 2024 Term Loan Facility and cash on hand, (i) to refinance certain loans under its existing credit facilities, (ii) for general corporate purposes, including to fund acquisitions, and (iii) to pay all fees and expenses related to the Notes and the Amendments.~~HUB is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.~~The Simpson Thacher team included William Brentani, Daniel Webb, Karen Reyes, Andy Roy, Barry Lau, William Perrone, Kayley Ingalls and Ramin Tabrizi (Capital Markets); Brian Steinhardt, Dorothy Hector and Joel Kushner (Credit); Jon Pall (Collateral); Courtney Welshimer, Rachelle Broida and Mark Natividad (Intellectual Property); and Jonathan Cantor and Michael Mann (Tax).

Jan 30

1 min

The Firm represented UKG Inc. (“UKG”) in connection with its Rule 144A and Regulation S offering of $2.5 billion aggregate principal amount of 6.875% Senior Secured Notes due 2031 (the “Notes”).~~In addition, the Firm represented UKG in connection with a restatement of its first lien senior secured credit agreement, which provides for (i) a new 7-year $5.385 billion senior secured first lien term loan facility and (ii) a 5-year $945 million senior secured first lien revolving credit facility (collectively, the “New Senior Secured Credit Facilities”).~~UKG intends to use to use the net proceeds from the Notes offering, together with borrowings under the New Senior Secured Credit Facilities to (i) refinance its existing first lien credit facilities, (ii) repay a portion of its second lien term loan facility and (iii) pay fees and expenses related to the Notes offering and the New Senior Secured Credit Facilities.~~UKG is a leading global provider of human capital management solutions that power businesses to build great places to work. UKG’s solutions offer a differentiated combination of comprehensive human capital management Software-as-a-Service suites, modern scalable technology, distinct expertise in complex workforce management and dedicated customer focus that together address the complete human resources, payroll, time and scheduling needs of large enterprises, mid-market companies and small and midsize businesses.~~The Simpson Thacher team included William Brentani, Heidi Mayon, Hui Lin, Anna LeGrett and Ramin Tabrizi (Capital Markets); Brian Steinhardt, Benjamin Persina and Joel Kushner (Credit); Jon Pall (Collateral); Corina Holland, Courtney Welshimer and Mark Natividad (Intellectual Property); and Michael Mann and Michael Leitner (Tax).

Sep 2

1 min

Simpson Thacher represented CBRE Group in connection with an offering by CBRE Services of $500 million in aggregate principal amount of 5.5% Senior Notes due 2029. The net proceeds of the offering will be used to finance in part the acquisition of J&J Worldwide Services.~~CBRE Group (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue).~~The Simpson Thacher team included William Brentani, Jesse Feng and Maggie Whalen (Capital Markets); and Jonathan Cantor and Adam Hersch (Tax).

Feb 23

1 min

Simpson Thacher represented Cisco Systems, Inc. (the “Company”) in connection with its offering of (i) $1,000,000,000 in aggregate principal amount of 4.900% Senior Notes due 2026, (ii) $2,000,000,000 in aggregate principal amount of 4.800% Senior Notes due 2027, (iii) $2,500,000,000 in aggregate principal amount of 4.850% Senior Notes due 2029, (iv) $2,500,000,000 in aggregate principal amount of 4.950% Senior Notes due 2031, (v) $2,500,000,000 in aggregate principal amount of 5.050% Senior Notes due 2034, (vi) $2,000,000,000 in aggregate principal amount of 5.300% Senior Notes due 2054 and (vii) $1,000,000,000 in aggregate principal amount of 5.350% Senior Notes due 2064. The net proceeds of the offering will be used for general corporate purposes, including to partially finance the proposed acquisition of Splunk Inc. by the Company, as contemplated by that certain Agreement and Plan of Merger, dated as of September 20, 2023, by and among the Company, Splunk Inc. and Spirit Merger Corp., as the same may be amended, supplemented or otherwise modified.~~Cisco Systems, Inc. (NASDAQ: CSCO) designs and sells a broad range of technologies that power the Internet, and integrates its product portfolios across networking, security, collaboration, applications and the clouds to create highly secure, intelligent platforms for its customers’ digital businesses.~~The Simpson Thacher team included William Brentani, Daniel Webb, Barry Lau and Dina Stumpf (Capital Markets); and Jonathan Cantor (Tax).

Feb 26

1 min