Simpson Thacher Represents Investors in €115 Million Senior Secured Floating Rate Notes of IPD 3
11.15.21
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Simpson Thacher represented the Investors in connection with IPD 3 B.V.’s (“IPD 3”) Regulation S private placement of €115 million Senior Secured Floating Rate Notes due 2025 (the “Additional Notes”). The private placement closed on November 11, 2021. The Additional Notes constitute a further issuance of IPD 3’s €200 million Senior Secured Floating Rate Notes due 2025.
IPD 3 is part of the Infopro Digital Group, a leading player in the French business-to-business information and services market, offering multi-media products and solutions. IPD 3 will use the net proceeds from the private placement to partially fund the acquisition of Informa Markets (UK) Limited’s Barbour ABI Business and to fund general corporate purposes.
The Simpson Thacher team included Gil J. Strauss and Melchor Alvarez de Mon (Corporate).