The Firm recently represented J.P. Morgan Securities LLC, as sole dealer manager, in connection with an exchange of $512.3 million aggregate principal amount of 5.875% Senior Notes due 2024 issued by Lions Gate Entertainment Corp. (“Lions Gate”) for an equal principal amount of 5.875% Senior Notes due 2024 issued by its subsidiary Lions Gate Capital Holdings LLC and guaranteed by Lions Gate. The exchange offer settled on March 28, 2018. The Firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with Lions Gate’s $3.5 billion senior secured revolving and term loan credit facilities. The credit agreement facilities closed on March 22, 2018.
Lions Gate is one of the largest independent producers of motion pictures and television programming in the world with major box-office franchises and platform defining hits for television.
The Simpson Thacher team included William Brentani, Ryan Coombs, Andy Roy and Blake Meyer (Capital Markets); William Sheehan, Ismael Duran and Kyle Spies (Banking and Credit); Marcela Robledo (Intellectual Property); Jacqueline Clinton and Sarah Katz (Tax); and Jon Pall (Collateral).