Simpson Thacher Represents Initial Purchasers in Deluxe Corporation’s $200 Million Senior Notes Offering and Related Tender Offer and Consent Solicitation
03.18.11
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Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with Deluxe Corporation’s (“Deluxe”) offering of $200.0 million aggregate principal amount of 7.00% Senior Notes due 2019 pursuant to Rule 144A and Regulation S. The proceeds from the notes offering were used to fund a cash tender offer for any or all of Deluxe’s outstanding $280.3 million 5.00% Senior Notes due 2012. Simpson Thacher also represented J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC in their capacity as dealer managers in the concurrent tender offer.
Through various businesses and brands, Deluxe helps small businesses and financial institutions better grow, operate and protect their businesses. Deluxe is a leading check printer and small business services provider, with approximately 6,200 financial institution clients, six million direct-to-consumer customers and four million small business customers.
The Simpson Thacher team included Lesley Peng, Juan Naveira, Reece Hunt and Gibbs Fryer (Capital Markets); Jonathan Cantor and Adam Wells (Tax); Aimee Adler and David Schneider (Executive Compensation & Employee Benefits); Lori Lesser and Katherine Gardner (Intellectual Property); Mike Isby (Environmental); and Jennie Getsin (Blue Sky). Corporate paralegals Alex Leavy and Stephanie Cunnane also provided valuable assistance.