Simpson Thacher Represents Rhino Bondco in Rhiag Inter Auto Parts Buy
Simpson Thacher represented Rhino Bondco in connection with its proposed acquisition of Rhiag Inter Auto Parts Italia.
The financing for the acquisition included a private offering of $287 million (€215 million) aggregate principal amount of 7.25% senior secured notes due 2020 and $267 million (€200 million) aggregate principal amount of floating rate senior secured notes due 2019, as well as a $100 million (€75 million) super senior revolving credit facility. The Simpson Thacher team also advised on the English law aspects of the equity arrangements.
The Simpson Thacher team for the transaction included Nick Shaw, Kristy Greene, Rohan Kaul and Natalie Kone (Capital Markets), Ian Barratt, Kate Sinclair, Shahpur Kabraji, Fiona Swords and Henry Ryder (Banking), Derek Baird (M&A) and Sean FitzGerald (Tax).