Simpson Thacher Represents Initial Purchasers in Convertible Note Offering by CSG Systems International
Simpson Thacher represented Barclays Capital Inc., J.P. Morgan Securities Inc. and UBS Securities LLC, as initial purchasers, in connection with a Rule 144A offering by CSG Systems International, Inc. of $150 million principal amount of its 3.0% Senior Subordinated Convertible Notes due 2017. The Notes are contingently convertible into cash or a combination of cash and shares of CSG Systems International common stock.
CSG Systems is a leading provider of customer interaction management solutions to the North American cable and direct broadcast satellite (‘‘DBS’’) industry. CSG Systems provides fully outsourced customer care and billing solutions that combine the reliability and high-volume transaction processing capabilities of an enterprise server platform with the flexibility of client/server architecture.
The Simpson Thacher team included John Lobrano, Victor Chai and Lauren Yoon (Capital Markets); Marcy Geller, Jonathan Talansky, Danny Salinas and Jennifer Klein (Tax); Joyce Xu and Yu Wang (Derivatives); Mike Isby (Environmental); Mindy Lok (Intellectual Property); Andrew Pagliughi (Blue Sky) and Jeanne Annarumma (Executive Compensation and Employee Benefits).