Nate K. Yang

The Firm represented the underwriters in connection with a public offering by UnitedHealth Group Incorporated (“UnitedHealth Group”) of $12 billion aggregate principal amount of its notes, consisting of $500 million aggregate principal amount of Floating Rate Notes due 2026, $650 million aggregate principal amount of 4.75% Notes due 2026, $1.25 billion aggregate principal amount of 4.8% Notes due 2030, $1.5 billion aggregate principal amount of 4.95% Notes due 2032, $2 billion aggregate principal amount of 5.150% Notes due 2034, $1.5 billion aggregate principal amount of 5.5% Notes due 2044, $2.75 billion aggregate principal amount of 5.625% Notes due 2054 and $1.85 billion aggregate principal amount of 5.75% Notes due 2064. The offering closed on July 25, 2024.~~UnitedHealth Group is a diversified health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone.~~The Simpson Thacher team included Roxane Reardon, Patrick Baron and Nate Yang (Capital Markets); Jonathan Cantor and Shareef Salfity (Tax); Vanessa Burrows and Jake Madden (Healthcare); Bobbie Burrows, Linton Mann and Christian Bond (IP and Privacy); Karen Kazmerzak (Antitrust); and Jennie Getsin (Blue Sky).

Jul 26

1 min

The Firm represented Laborie Medical Technologies Corp., a Patricia Industries portfolio company, in connection with its investment in Novocuff, Inc.~~Novocuff is a medical device company dedicated to improving pregnancy outcomes and reducing preterm births caused by Preterm Premature Rupture of Membrane and cervical shortening.~~Headquartered in Portsmouth, New Hampshire, Laborie is a global medical technology company focused on Urology, Urogynecology, Gastroenterology, Obstetrics, Gynecology & Neonatal Health. It manufactures and delivers high-quality, high-impact diagnostic and therapeutic products that help clinicians and hospitals preserve and restore patient dignity.~~Patricia Industries is a long-term owner that invests in companies and works to develop each company to its full potential. Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.~~The Simpson Thacher team included Michael T. Holick, Sean Dougherty and Nate Yang (Corporate); Vanessa Burrows (Healthcare Regulatory); and Drew Purcell and Andrew Mandelbaum (Tax).

Jul 18

1 min

Simpson Thacher represented the initial purchasers in connection with the offering by Element Fleet Management Corp. (“Element Fleet”) of US$750 million aggregate principal amount of 5.643% Senior Notes due 2027, pursuant to Rule 144A and Regulation S.~~Element Fleet intends to use the net proceeds from the offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness.~~Element Fleet is the largest publicly traded pure-play automotive fleet manager in the world with approximately 1.5 million client vehicles under management and operations in the U.S., Canada, Mexico and Australia and New Zealand.~~The Simpson Thacher team included David Azarkh, Benjamin Heriaud, Kaitlyn Posa and Nate Yang (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Pasco Struhs and Sara Mazurek (ECEB); Alysha Sekhon (IP); Michael Isby (Environmental); Laurel Fresquez (Regulatory); and Jennie Getsin (Blue Sky).

Mar 13

1 min

Simpson Thacher represented Merrill Lynch International and Mizuho Securities USA LLC, in the registered public offering of ¥263.3 billion aggregate principal amount of debt securities by Berkshire Hathaway Inc. (“Berkshire”), consisting of ¥169.0 billion of 0.974% Senior Notes due 2027, ¥22.0 billion of 1.143% Senior Notes due 2029, ¥5.2 billion of 1.287% Senior Notes due 2030, ¥35.3 billion of 1.457% Senior Notes due 2031, ¥9.5 billion of 1.680% Senior Notes due 2034, ¥7.0 billion of 2.278% Senior Notes due 2044 and ¥15.3 billion of 2.498% Senior Notes due 2054. The offering closed on April 25, 2024.~~Berkshire and its subsidiaries engage in diverse business activities including insurance and reinsurance, freight rail transportation, utilities and energy, finance, manufacturing, services and retailing. Berkshire’s common stock is listed on the NYSE under trading symbols BRK.A and BRK.B.~~The Simpson Thacher team for the transaction included Risë Norman, Albert Murzakhanov and Nate Yang (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Shareef Salfity (Tax); Bobbie Burrows (IP); Emily Holland (ESG); and Jennie Getsin (FINRA and Blue Sky).

Apr 26

1 min

The Firm recently represented the underwriters, led by BofA Securities, Inc., Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, in connection with the public offering by CVS Health Corporation (“CVS Health”) of $5 billion of Senior Notes, consisting of $1 billion of 5.400% Senior Notes due 2029, $1 billion of 5.550% Senior Notes due 2031, $1.25 billion of 5.700% Senior Notes due 2034, $750 million of 6.000% Senior Notes due 2044 and $1 billion of 6.050% Senior Notes due 2054. The offering closed May 9, 2024.~~CVS Health is a leading health solutions company. CVS Health has more than 9,000 retail locations, more than 1,000 walk-in medical clinics, 205 primary care medical clinics, a leading pharmacy benefits manager with approximately 90 million plan members and expanding specialty pharmacy solutions and a dedicated senior pharmacy care business serving more than 800,000 patients per year. CVS Health also serves an estimated more than 36 million people through traditional, voluntary and consumer-directed health insurance products and related services, including expanding Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan.~~The Simpson Thacher team for the transactions included Roxane Reardon, Matt Hart, Nate Yang and Jerry Du (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Alan Turner and Alexander Rabinowitz (Litigation); Abram Ellis and Christine Tillema (Regulatory); Pasco Struhs (Benefits); Michael R. Isby (Environmental); Paige Brinton (Intellectual Property); Vanessa Burrows and Jacob Madden (Healthcare); and Jennie Getsin (FINRA and Blue Sky).

Oct 5

1 min