Edgar J. Lewandowski

Simpson Thacher represented Gates Industrial Corporation plc (“Gates”) in connection with a secondary offering of ordinary shares by selling shareholders affiliated with Blackstone Inc. The offering of 20,125,000 ordinary shares of Gates, which included the full exercise of the underwriters’ option to purchase 2,625,000 additional shares, raised $242 million in proceeds to the selling shareholders. Gates also effected a $50 million share repurchase of 4,151,100 ordinary shares pursuant to a share repurchase contract with Citigroup Global Markets Inc., who in turn purchased such ordinary shares from the selling shareholders.~~Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers as specified components. Gates’ products are used in applications across numerous end markets, including: automotive replacement and first-fit; diversified industrial; industrial off-highway; industrial on-highway; and personal mobility.~~The Simpson Thacher team included Edgar Lewandowski and Sydney Mark (Capital Markets); Mimi Cheng, Emma Light, Eszter Boldis and Matthew Galla (Backleverage Financing); Clare Gaskell, Vishaal Patel and Sam Moon (Corporate – London); Andrew Purcell and Kris Liu (Tax – New York); Yash Rupal, Sarah Lindley and Phoebe Adams (Tax – London); and Jennifer Nadborny and Bettina Elstroth (Public Company Advisory Practice).

Feb 22

1 min

The Firm recently represented Summit Materials, Inc. (NYSE: SUM) in connection with the financing for its $3.2 billion combination with Argos North America Corp. (“Argos USA”), the U.S. operations of Cementos Argos S.A. As part of the financing, Summit Materials obtained $1,010 million in new term loans, a portion of which was used to refinance its existing term loan facility and a $395 million upsize to its existing revolving credit facility, bringing the total revolving commitments thereunder to $625 million. The Firm also represented Summit Materials in its Rule 144A/Regulation S offering of $800 million aggregate principal amount of 7.25% Senior Notes due 2031 the proceeds of which were used to finance a portion of the cash consideration for the combination with Argos USA.~~Summit Materials is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and nonresidential, and end markets.~~The Simpson Thacher team included Brian Gluck and Roman Ibragimov (Credit); Edgar Lewandowski, Benjamin Heriaud, Joann Kim, Ziang Zhou and Sofia Elkina (Capital Markets); Jonathan Cantor and Adam Hersch (Tax); and Jamin R. Koslowe and Yifan Cao (Executive Compensation and Employee Benefits).

Jan 26

1 min

The Firm recently represented Hilton Worldwide Holdings Inc. (“Hilton”) (NYSE: HLT) in connection with an amendment to its existing senior secured credit facility that repriced one tranche of existing term loans and refinanced another tranche of existing term loans in an aggregate amount of $3.1 billion.~~Hilton is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 7,000 properties and more than 1.1 million rooms, in 123 countries and territories.~~The Simpson Thacher team included Brian Gluck, Leah Nudelman, Joel Kushner and Leandra Kede Yomo (Credit); and Edgar Lewandowski and Tony Rim (Capital Markets).

Jun 21

1 min

Simpson Thacher is representing Israel Discount Bank Ltd. in its sale of an approximately 15% equity stake in Discount Bancorp, Inc., the parent entity of Israel Discount Bank of New York (IDBNY), to Gallatin Point Capital LLC, in exchange for a $150 million investment. The closing of this transaction is subject to receiving approval from the Bank of Israel and other customary closing conditions.~~IDBNY, the largest Israeli-owned bank operating outside of Israel, is a commercial bank providing a comprehensive range of banking services. It focuses on commercial banking, local private banking, and international private banking, and operates through branches in New York, Florida and California.~~The Simpson Thacher team includes Sven Mickisch, Brian Christiansen, Matthew Nemeroff, Tim Gaffney, Makala Kaupalolo, Humberto Romero Carrillo, Wang Chen and Joseph Pucciarelli (M&A—FIG); Pilar Laitano Ferreira, Yuru (Rita) Fu and Yiran Wang (M&A); Jonathan Goldstein, Eli Shalam and Mohanad Salaimi (Tax); Edgar Lewandowski (Capital Markets); Jamin Koslowe and Ashlie Lawton (Executive Compensation and Employee Benefits); and Lori Lesser (IP).

Aug 14

1 min

The Firm recently represented Hilton Worldwide Holdings (NYSE: HLT) in connection with a Rule 144A/Regulation S offering of $1 billion of senior notes consisting of $550 million aggregate principal amount of 5.875% Senior Notes due 2029 and $450 million aggregate principal amount of 6.125% Senior Notes due 2032. Hilton intends to use the net proceeds of the offering for general corporate purposes, including the repayment of indebtedness, investments and acquisitions.~~Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising more than 7,500 properties and nearly 1.2 million rooms in 126 countries and territories.~~The Simpson Thacher team included Edgar Lewandowski, Tony Rim, Joann Kim and Ziang Zhou (Capital Markets); Brian Gluck and Leah Nudelman (Credit); Andrew Purcell and Daisy Dai (Tax); Timothy Mulvihill and Noreen Lavan (Environmental); and Jamin Koslowe and Charles Pfeifer (Executive Compensation and Employee Benefits).

Mar 28

1 min