Legal DealFolio - Interactive Data Corporation Term Loan Facility

Simpson Thacher represented Interactive Data Corporation (IDC) in connection with its entry into a USD1.9 billion seven-year term loan facility and USD million five-ear revolving credit facility (the Senior Credit Facilities), as well as a Rule 144A/Regulation S offering of USD million aggregate principal amount of 5.875% Senior Notes due 2019 (the Notes Offering). IDC used the net proceeds from the Senior Credit Facilities and the Notes Offering, together with cash on hand, to refinance its existing term loans, redeem its existing 10.25% senior notes due 2018 and fund a distribution to its parent entities, which in turn will pay a USD273 million distribution to its equity holders. Interactive Data Corporation is a leading provider of financial market data, analytics and related solutions, serving the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. The Simpson Thacher team for this transaction included: Jennifer Hobbs, Andy Veit and Jivaji More (Credit); William Brentani, Kate Layton, Emiko Kurotsu and Alex Coffin (Capital Markets); Katharine Moir and Noah Metz (Tax); Tristan Brown and Grace Wirth (Executive Compensation and Executive Benefits); and Marcela Robledo (Intellectual Property).

Deal Date:	05-05-2014	Practice Area:	International Finance and Bank Credit
Deal Title:	Interactive Data Corporation Term Loan Facility	Industry:	Software & Computer Services
Description:	Simpson Thacher represented Interactive Data Corporation (IDC) in connection with its entry into a USD1.9 billion seven-year term loan facility and USD million five-ear revolving credit facility (the Senior Credit Facilities), as well as a Rule 144A/Regulation S offering of USD million aggregate principal amount of 5.875% Senior Notes due 2019 (the Notes Offering). IDC used the net proceeds from the Senior Credit Facilities and the Notes Offering, together with cash on hand, to refinance its existing term loans, redeem its existing 10.25% senior notes due 2018 and fund a distribution to its parent entities, which in turn will pay a USD273 million distribution to its equity holders. Interactive Data Corporation is a leading provider of financial market data, analytics and related solutions, serving the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. The Simpson Thacher team for this transaction included: Jennifer Hobbs, Andy Veit and Jivaji More (Credit); William Brentani, Kate Layton, Emiko Kurotsu and Alex Coffin (Capital Markets); Katharine Moir and Noah Metz (Tax); Tristan Brown and Grace Wirth (Executive Compensation and Executive Benefits); and Marcela Robledo (Intellectual Property).
Financial Center:	New York	Value:	1000.01-5000.00
Advised Party:	Borrower	Law Firm	Simpson Thacher
Borrower	United States	Lender	United States
Classification:	Syndicated and Bilateral Loans Syndicated Loans	Lawyer	Jennifer L Hobbs

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers