Simpson Thacher Represents Underwriters in $500 Million Senior Notes Offering by H&R Block
06.28.21
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Simpson Thacher represented the underwriters, led by BofA Securities, Inc. and J.P. Morgan Securities LLC, in connection with the registered public offering by Block Financial LLC, a wholly owned subsidiary of H&R Block, Inc. (“H&R Block”), of $500 million aggregate principal amount of 2.5% Notes due 2028 guaranteed by H&R Block.
The net proceeds of the offering will be used for general corporate purposes which may include, among other uses, redeeming Block Financial LLC’s outstanding 5.5% Notes due 2022.
H&R Block (NYSE: HRB) provides global tax preparation, financial services and small business solutions primarily in the United States, and also in Canada and Australia.
The Simpson Thacher team included John C. Ericson and Evan L. Kenyon (Capital Markets); Jonathan Cantor and Suzy Yaster (Tax); Genevieve Dorment (IP); Jennifer Neilsson (ECEB); and Jennie Getsin (FINRA/Blue Sky).