Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., in connection with the registered public offering by Block Financial LLC, a wholly owned subsidiary of H&R Block, Inc. (“H&R Block”), of $350 million aggregate principal amount of 5.375% Notes due 2032, 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 or repaying Block Financial LLC’s outstanding 5.250% notes due 2025.
H&R Block (NYSE: HRB) provides assisted and do-it-yourself (DIY) tax preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distributes H&R Block-branded services and products, including those of its bank partners, to the general public primarily in the United States, Canada and Australia.
The Simpson Thacher team included John C. Ericson, Erin Camia and Shuhan Zhang (Capital Markets); Jonathan Cantor and Benjamin Bressler (Tax); Corina Holland and Christian Bond (IP); Jeanne Annarumma (ECEB); and Jennie Getsin (FINRA/Blue Sky).