David Azarkh

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 represented the underwriters in connection with the registered public offering by AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, subsidiaries of AerCap Holdings N.V. (“AerCap”), of $750 million aggregate principal amount of Fixed-Rate Reset Junior Subordinated Notes due 2055. To date, Simpson Thacher has represented the underwriters in connection with approximately $48 billion of debt and equity financings by AerCap or its subsidiaries since 2017.~~AerCap is the global leader in aviation leasing with 2,044 aircraft owned, managed or on order and $71 billion of total assets as of March 31, 2024. AerCap serves approximately 300 customers with comprehensive fleet solutions from its headquarters in Dublin, with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle and Toulouse.~~The Simpson Thacher team for the transaction included David Azarkh, Traci Biedermann, Shub Chandrasekaran and Varun Raghuram (Capital Markets); Jonathan Cantor and Matthew Lester (Tax); Michael Isby (Environmental); Pasco Struhs (Executive Compensation and Employee Benefits); Abram Ellis and Laurel Fresquez (Regulatory); Bobbie Burrows (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).

Nov 7

1 min

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC, in a registered public offering of $1 billion aggregate principal amount of 4.900% Senior Notes due 2028 and $1 billion aggregate principal amount of 5.050% Senior Notes due 2030 by Microchip Technology Incorporated (“Microchip”).~~Microchip used the net proceeds from the offering to repay its Senior Term Loan Facility, to repay a portion of the debt outstanding under its Commercial Paper Program and to pay fees and expenses related to the offering.~~Microchip is a leading provider of smart, connected and secure embedded control solutions. Microchip’s solutions serve approximately 125,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets.~~The Simpson Thacher team included David Azarkh, Patrick Baron and Erin Camia (Capital Markets); Lori Lesser (Intellectual Property); Jonathan Cantor and Michael Leitner (Tax); Abram Ellis, Ryan Stalnaker and Anais Bourbon (Regulatory); Michael Isby (Environmental); J. Pasco Struhs (ECEB); Jeanne Annarumma (ERISA); and Andrew Pagliughi (Blue Sky).

Dec 16

1 min

Capital Markets Partner David Azarkh was quoted in an American Lawyer article titled, “Deal Watch: AI Race Changes Deal Market, Influencing Capital Markets, Energy, Real Estate Practices.” The article discussed the increasing influence of artificial intelligence and how this has changed the transactional market. David noted, “The increased use of AI across sectors will lead to a more extensive need for energy generation and distribution, data centers, hardware associated with this infrastructure and the real estate to house it.” He further explained that the need for capital to support AI companies and those in related industries “will mean additional capital markets offerings.” Looking ahead, David said he expects data centers and related IPOs to come to the forefront in the coming years, as they are the natural precursor to future growth in the AI space.~~To read the full article, please click here (subscription required).

Aug 14

1 min

Simpson Thacher represented the underwriters in connection with the registered public offering by AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, subsidiaries of AerCap Holdings N.V. (“AerCap”), of $800 million aggregate principal amount of 5.1% Senior Notes due 2029 and $700 million aggregate principal amount of 5.3% Senior Notes due 2034. To date, Simpson Thacher has represented the underwriters in connection with approximately $47 billion of debt and equity financings by AerCap or its subsidiaries since 2017.~~AerCap is the global leader in aviation leasing with 2,113 aircraft owned, managed or on order and $72 billion of total assets as of September 30, 2023. AerCap serves approximately 300 customers with comprehensive fleet solutions from its headquarters in Dublin, with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle and Toulouse.~~The Simpson Thacher team for the transaction included David Azarkh, Margaret Selbe and Dan Kim (Capital Markets); Jonathan Cantor and Matthew Lester (Tax); Michael Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); Mark Skerry and Laurel Fresquez (Regulatory); and Jennie Getsin (FINRA and Blue Sky).

Nov 1

1 min