John G. O'Connell

Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with a Rule 144A/Regulation S offering by The Brink’s Company (“Brink’s”) of $400 million aggregate principal amount of 6.500% Senior Notes due 2029 and $400 million aggregate principal amount of 6.750% Senior Notes due 2032. The offering was upsized from $400 million to $800 million.~~Brink’s intends to use the net proceeds from the notes offering to redeem or repurchase the $400 million aggregate principal amount of its outstanding 5.500% Senior Notes due 2025 (the “2025 Senior Notes”) at or prior to maturity and to repay a portion of outstanding borrowings under its $1 billion revolving credit facility. Before applying a portion of the net proceeds to redeem or repurchase the 2025 Senior Notes as described above, Brink’s expects to use such portion of the net proceeds for general corporate purposes and to temporarily repay additional amounts outstanding under its revolving credit facility.~~Brink’s is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Its customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Brink’s network of operations in 52 countries serves customers in more than 100 countries.~~The Simpson Thacher team included Dave Azarkh, John O’Connell, Matt Petrone, Minaal Wickremesinghe and Alexis Capati (Capital Markets); Jonathan Cantor and Benjamin Bressler (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); Chandler Gerard-Reimer (Intellectual Property); and Jennie Getsin (Blue Sky). Summer Associate Emma Taylor also provided valuable assistance.

Dec 6

1 min

Simpson Thacher represented (1) the initial purchasers, led by BofA Securities, Inc., in connection with a 144A/Regulation S offering by Owens-Brockway Glass Container Inc. (“OBGC”) of $300 million aggregate principal amount of 7.375% Senior Notes due 2032 and (2) the initial purchasers, led by BNP Paribas, in connection with a 144A/Regulation S offering by OI European Group B.V. (“OIEG”) of €500 million aggregate principal amount of 5.250% Senior Notes due 2029 (the “OIEG Offering”).~~Concurrently with the OIEG Offering, Simpson Thacher also represented BNP Paribas as dealer manager in connection with OIEG’s cash tender offer to purchase up to €500 million maximum aggregate principal amount of certain of its outstanding euro-denominated senior notes.~~The net proceeds from the offerings have or will be used to fund the repayment, redemption or repurchase of near term debt maturities, including in the tender offer.~~OI Group is one of the leading manufacturers of glass containers in the world with 68 glass manufacturing plants in 19 countries.~~The Simpson Thacher team included Marisa Stavenas, John O’Connell, Traci Biedermann and Khalia Williams (Capital Markets); Jonathan Cantor and Lina Pan (Tax); Toby Chun and Deepa Sarkar (Environmental); Larry Moss, Pasco Struhs and Meredith Brenton (Executive Compensation and Employee Benefits); Corina Holland (Intellectual Property); and Andrew Pagliughi (Blue Sky).~~

Dec 6

1 min

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A/Regulation S offering of $600 million aggregate principal amount of 6.875% Senior Notes due 2032 by Arcosa, Inc. (“Arcosa”).~~Arcosa intends to use the net proceeds from the notes offering, together with borrowings under a Term Loan B facility, to fund the payment of the purchase price of its acquisition of the construction materials business of Stavola Holding Corporation (“Stavola”) and to use any remaining net proceeds to repay amounts outstanding under its revolving credit facility.~~Arcosa is a provider of infrastructure-related products and solutions with leading brands serving construction, engineered structures and transportation markets in North America. Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the New York-New Jersey Metropolitan Statistical Area (“MSA”) through its network of five hard rock natural aggregates quarries, twelve asphalt plants and three recycled aggregates sites. The acquisition expands the footprint of Arcosa’s construction materials business into the nation’s largest MSA.~~The Simpson Thacher team included John O’Connell, Ben Pittenger, Jessica Ryan, Christopher Flynn and Khalia Williams (Capital Markets); Pasco Struhs (ECEB); Michael Isby (Environmental); Alysha Sekhon (IP); Jonathan Cantor and Kris Liu (Tax); and Andrew Pagliughi (Blue Sky).

Aug 26

1 min

Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with the offering by EnerSys of $300 million aggregate principal amount of 6.625% Senior Notes due 2032 pursuant to Rule 144A and Regulation S, which closed on January 11, 2024. EnerSys intends to use the proceeds from the notes offering to repay a portion of its borrowings under its existing credit facility and for general corporate purposes.~~EnerSys is the world’s largest manufacturer, marketer and distributor of industrial batteries. The company also manufactures, markets and distributes products such as battery chargers, power equipment, battery accessories and outdoor cabinet enclosures. EnerSys sells to customers in over 100 countries around the world.~~The Simpson Thacher team included David Azarkh, John O’Connell, Matt Petrone and Pia Figuerola (Capital Markets); Michael Mann (Tax); Timothy Mulvihill (Environmental); Karen Kazmerzak (Antitrust); Pasco Struhs (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); Abram Ellis and Claire Cahoon (Regulatory); and Jennie Getsin (Blue Sky).

Nov 1

1 min

Simpson Thacher recently represented the underwriters, led by J.P. Morgan, TD Cowen, Jefferies and Stifel, in connection with the registered follow-on offering of 5,750,000 shares of Class A common stock by Nuvalent, Inc. (“Nuvalent”). The offering raised approximately $540.5 million in gross proceeds.~~Nuvalent is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets.~~The Simpson Thacher team included John O'Connell, John C. Ericson, Art Robinson, Julie De Keukeleire and Anna Jarman (Capital Markets); Vanessa Burrows and Jacob Madden (Healthcare); Paige Brinton (IP); Drew Purcell and Michael Mann (Tax); Pasco Struhs (ECEB); and Andrew Pagliughi (FINRA and Blue Sky).

Sep 20

1 min