Simpson Thacher Represents NorthWall Capital in Synamedia’s Refinancing
01.16.24
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The Firm recently represented NorthWall Capital, as an initial purchaser and as collateral agent, in connection with Synamedia’s second lien holdco note purchase agreement as well as its participation in Synamedia’s new first lien term loan facility. Proceeds from the issuance will be used, together with the proceeds of the first lien facility, to (among other things) fund the repayment of all outstanding indebtedness and other obligations under Synamedia’s prior credit facility.
Synamedia Ltd., a Permira portfolio company, is a video technology provider headquartered in Staines-upon-Thames, UK. Its products cover content distribution and delivery, video processing, advanced advertising, broadband offerings, and video security.
The multi-jurisdictional Simpson Thacher team included Shahpur Kabraji, Justin Lungstrum, Jacob Durkin, Kyle Nelson and Kwasi Mills-Bampoe (Banking and Credit); Carol Daniel (Capital Markets); Caleb McConnell, Michael Mann and Phoebe Adams (Tax); Pasco Struhs, Erica Rozow and George Gerstein (Executive Compensation Employee Benefits); and Nicholas Baker, Jon Pall, Soogy Lee and Zachary Weiner (Special Situations).