Simpson Thacher represented Interactive Data Corporation (“IDC”) in connection with its entry into a $1.9 billion seven-year term loan facility and $160 million five-year revolving credit facility (the “Senior Credit Facilities”), as well as a Rule 144A/Regulation S offering of $350 million aggregate principal amount of 5.875% Senior Notes due 2019 (the “Notes Offering”). IDC used the net proceeds from the Senior Credit Facilities and the Notes Offering, together with cash on hand, to refinance its existing term loans, redeem its existing 10.25% senior notes due 2018 and fund a distribution to its parent entities, which in turn will pay a $273 million distribution to its equity holders.
Interactive Data Corporation is a leading provider of financial market data, analytics and related solutions, serving the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors.
The Simpson Thacher team for this transaction included: Jennifer Hobbs, Andy Veit and Jivaji More (Credit); William Brentani, Kate Layton, Emiko Kurotsu and Alex Coffin (Capital Markets); Noah Metz (Tax); Tristan Brown and Grace Wirth (Executive Compensation and Executive Benefits); and Marcela Robledo (Intellectual Property).