Simpson Thacher represented TaskUs, Inc. (“TaskUs”) in connection with the entry into new senior secured credit facilities by its subsidiaries consisting of (i) a $500 million term loan A facility and (ii) a $100 million revolving credit facility (the “Revolver”), the proceeds of which (i) were used to refinance TaskUs’ existing credit facilities and to pay transaction fees and expenses in connection therewith and (ii) will be used to fund the previously-announced special cash dividend to TaskUs’ stockholders.
TaskUs is a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, helping its clients represent, protect, and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in fast-growing sectors, including social media, AI, autonomous vehicles, robotics, streaming media, food delivery and ride-sharing, technology, financial services, and healthcare.
The Simpson Thacher team included Brian Gluck, Alex Kleinhaus-Resisi, Mari Zaldivar and Claire Kamau (Credit); Edgar Lewandowski and Arielle Katzman (Public Company Advisory Practice); Michael Chao (Mergers & Acquisitions); Michael Mann (Tax); Jeannine McSweeney, Ryan Stott, Erica Rozow and George Gerstein (Executive Compensation and Employee Benefits); and Coutrney Welshimer and Matthew Richardson (Intellectual Property).