Simpson Thacher Represents Underwriters in DPP Debt Offering
Simpson Thacher announced it recently represented the underwriters in connection with a registered public offering of $500 million of 5.625% senior notes due 2043 issued by WPP Finance 2010, a finance subsidiary of WPP plc. The notes are guaranteed by WPP plc and certain of its subsidiaries.
The WPP group comprises one of the largest communication services businesses in the world. The group’s largest segment is advertising and media investment management, where it operates the advertising networks Ogilvy & Mather Advertising, JWT, Y&R, Grey, Bates CHI & Partners and the United Network, as well as media investment management companies such as MediaCom, MEC, Mindshare, Maxus and tenthavenue.
The Simpson Thacher team for the debt offering included John Lobrano, Lia Toback, Ryan Castillo and Gustavo Silva Cano (Capital Markets), Jonathan Cantor and Drew Purcell (Tax), and Andrew Pagliughi (FINRA and Blue Sky).