Legal DealFolio - Hot Topic, Inc PIK Toggle Notes due 2019

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated as initial purchaser on a Rule 144A/Regulation S offering by HT Intermediate Holdings Corp., an indirect parent company of Hot Topic, Inc., of USD110 million aggregate principal amount of 12%/12.75% senior PIK toggle notes due 2019. The proceeds of this offering were used to fund a dividend to the shareholders of the issuer. Headquartered in City of Industry, California, Hot Topic operates two differentiated retail concepts, Hot Topic and Torrid, with leading market positions. Hot Topic is a mall-based retailer of music/pop-culture-influenced and licensed apparel and accessories. Torrid is a national scale specialty retailer of apparel, intimates and accessories targeting 18- to 30-year-old plus-size women. The Davis Polk capital markets team included partner Michael Kaplan, associates John K. Doulamis and Kevin Zhang and law clerk John B. Weinstein. Partner Michael Farber and associates Avinash Venkatesh and Dao Fu provided tax advice. Associate Bruce Rose-Innes provided intellectual property advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.

Deal Date:	02-12-2013	Practice Area:	Debt Capital Markets
Deal Title:	Hot Topic, Inc PIK Toggle Notes due 2019	Industry:	General Retailers
Description:	Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated as initial purchaser on a Rule 144A/Regulation S offering by HT Intermediate Holdings Corp., an indirect parent company of Hot Topic, Inc., of USD110 million aggregate principal amount of 12%/12.75% senior PIK toggle notes due 2019. The proceeds of this offering were used to fund a dividend to the shareholders of the issuer. Headquartered in City of Industry, California, Hot Topic operates two differentiated retail concepts, Hot Topic and Torrid, with leading market positions. Hot Topic is a mall-based retailer of music/pop-culture-influenced and licensed apparel and accessories. Torrid is a national scale specialty retailer of apparel, intimates and accessories targeting 18- to 30-year-old plus-size women. The Davis Polk capital markets team included partner Michael Kaplan, associates John K. Doulamis and Kevin Zhang and law clerk John B. Weinstein. Partner Michael Farber and associates Avinash Venkatesh and Dao Fu provided tax advice. Associate Bruce Rose-Innes provided intellectual property advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	0.00-100.00
Advised Party:	Underwriter	Law Firm	Davis Polk
Issuer Jurisdiction	United States	Listing Jurisdiction	United States
Classification:	Corporate Bonds Subordinated Debt	Lawyer	Michael Kaplan

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers