Simpson Thacher Represents Initial Purchasers in $690 Million Senior Notes Offering by Howden Group
Simpson Thacher recently represented Morgan Stanley & Co. LLC and the other initial purchasers in connection with the Rule 144A and Regulation S offering by the Howden Group of $690 million 8.125% senior notes due 2032. The proceeds of the offering were used to repay in full borrowings under the Group’s existing revolving credit facility and for general corporate purposes.
Howden is a leading (re-)insurance intermediary with a global footprint, delivering retail, specialty and wholesale broking services, as well as reinsurance and underwriting solutions.
The Simpson Thacher team included Gil Strauss, Iakovos Anagnostopoulos, Julia Szinovatz and Tom Lort (Finance and Capital Markets).