Aarthy S. Thamodaran

Simpson Thacher recently represented the underwriters in connection with Apollo Global Management, Inc.’s registered public offering of $750 million aggregate principal amount of 5.8% Senior Notes due 2054. Simpson Thacher has represented the underwriters and initial purchasers in connection with nearly $6 billion of debt and equity issued by Apollo and its subsidiaries since 2014.~~Apollo intends to use the net proceeds from the offering for general corporate purposes.~~Founded in 1990, Apollo is a high-growth, global alternative asset manager and a retirement services provider. As of March 31, 2024, Apollo had approximately $671 billion of assets under management.~~The Simpson Thacher team included Joshua Bonnie, Katharine Thompson, Aarthy Thamodaran, Charlotte Bowe and Kelsey Henderson (Capital Markets); Andrew Purcell and Michael Leitner (Tax); Lori Lesser and Paige Brinton (Intellectual Property); Steven DeLott (Insurance); Andrew Pagliughi and Jennie Getsin (Blue Sky); and Pasco Struhs (ECEB).

May 23

1 min

Simpson Thacher recently represented the underwriters in connection with Apollo Global Management, Inc.’s registered public offerings of $1.4 billion (28,750,000 shares) of 6.75% Series A Mandatory Convertible Preferred Stock and $600 million aggregate principal amount of 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053. Simpson Thacher has represented the underwriters and initial purchasers in connection with over $4.6 billion of debt or equity issued by Apollo and its subsidiaries since 2014.~~Apollo intends to use the net proceeds from the offering of Mandatory Convertible Preferred Stock to accelerate its Retirement Services growth, helping Athene capitalize on attractive opportunities available in the current market environment. Apollo intends to use the proceeds from the Subordinated Notes offering, together with cash on hand, to redeem in full Apollo Asset Management, Inc.’s outstanding shares of 6.375% Series A Preferred Stock and 6.375% Series B Preferred Stock, with an aggregate liquidation value of $575 million, and pay related fees and expenses.~~Founded in 1990, Apollo is a high-growth, global alternative asset manager and a retirement services provider. As of June 30, 2023, Apollo had approximately $617 billion of assets under management.~~The Simpson Thacher teams for the transactions included Joshua Bonnie, Roxane Reardon, Katharine Thompson, Lia Toback, Patrick McCamy, Aarthy Thamodaran, Evan Hunt, Brice Stewart and Thomas Lopez (Capital Markets); Andrew Purcell and Daisy Dai (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Steven DeLott (Insurance); Andrew Pagliughi and Jennie Getsin (Blue Sky); Pasco Struhs (ECEB).

Aug 24

1 min

Simpson Thacher recently represented Herc Holdings Inc. in connection with its private offering of $800 million aggregate principal amount of 6.625% Senior Notes due 2029.~~Herc Holdings intends to use the net proceeds to repay a portion of the indebtedness outstanding under its senior secured asset-based revolving credit agreement and to pay related fees and expenses.~~Herc Holdings, which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 412 locations across North America, and 2023 total revenues of approximately $3.3 billion. Herc Holdings offers products and services aimed at helping customers work more efficiently, effectively, and safely.~~The Simpson Thacher team included Joshua Bonnie, Katharine Thompson, Jonathan Ozner, Aarthy Thamodaran, Samantha Sergent, Brice Stewart and Toyin Edogun (Capital Markets); Jonathan Cantor, Benjamin Rippeon and Michael Slomovics (Tax); Christopher Brown and Tina Zheng (Banking and Credit); Marisa Geiger and Paige Brinton (Intellectual Property); and Pasco Struhs (ECEB).

Nov 6

1 min

Simpson Thacher represented Hamilton Lane in connection with the private placement by Hamilton Lane Advisors, L.L.C. (“HLA”), the operating subsidiary of Hamilton Lane Incorporated, of $100 million aggregate principal amount of 5.28% Senior Notes due October 15, 2029, and amendments to HLA's credit agreements. Hamilton Lane intends to use the net proceeds from the private placement for general corporate purposes, including seeding new funds and creating new products.~~Founded in 1991, Hamilton Lane is a global private markets investment solutions provider with approximately $129.7 billion of discretionary assets under management, and approximately $810.4 billion of non-discretionary assets under advisement, as of June 30, 2024. Hamilton Lane structures, manages, and monitors portfolios of private markets funds and direct investments to help its clients access a diversified set of investment opportunities worldwide.~~The Simpson Thacher team included Joshua Bonnie, Mark Brod, Aarthy Thamodaran and Amy Donofrio (Capital Markets); Christopher Brown and Alexandra Cullen (Banking and Credit); Charles Mathes (Public Company Advisory Practice); George Gerstein and J. Pasco Struhs (Executive Compensation and Employee Benefits); and Jonathan Cantor and Jiha Min (Tax).

Oct 16

1 min

Simpson Thacher represented MidCap Financial Investment Corporation, a publicly traded business development company (NASDAQ: MFIC) (the “Company”), in its offering of $80.0 million aggregate principal amount of its 8.00% Notes due 2028 (the “Notes”), which included a partial exercise by the underwriters of their option to purchase additional Notes to cover overallotments. The transaction closed on December 13, 2023.~~The Company intends to use the net proceeds of the Notes offering to repay a portion of outstanding indebtedness under its senior secured revolving credit facility.~~The Simpson Thacher team included David Blass, Steven Grigoriou, Jonathan Pacheco, Matthew Mai and Kaitlyn Bello (Registered Funds); Aarthy Thamodaran (Capital Markets); and Russell Light and Zev Klein (Tax).

Dec 14

1 min