Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 24-11-2015 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Finance for Diebold Acquisition of Wincor Nixdorf | Industry: | Software & Computer Services |
| Description: |
Simpson Thacher represented JPMorgan Chase Bank, NA and Credit Suisse AG, Cayman Islands Branch in connection with USD2.341 billion of committed financing to Diebold, Incorporated in connection with its announced takeover offer for 100% of the outstanding ordinary shares of Wincor Nixdorf AG, for EUR38.98 in cash and 0.434 new shares of Diebold per Wincor Nixdorf ordinary share.
The committed financing consisted of a USD1.591 billion senior secured term loan B facility, a USD500 million senior unsecured bridge facility and a USD250 million senior secured delayed draw term loan A facility. Additionally the financing documentation included mechanics for Diebold's existing revolving facility and term loan facility to be refinanced with a new senior secured revolving facility in an amount up to USD520 million and a new senior secured term loan A facility in an amount up to USD230 million respectively.
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Lender | Law Firm | Simpson Thacher |
| Borrower Jurisdiction: | Germany | Lender Jurisdiction: | United States |
| Classification: |
Acquisition Finance Public Company Acquisition |
Lawyer | Patrick J Ryan |
