Simpson Thacher represented Igloo Holdings Corporation (“Igloo”) in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 8.25%/9.00% Senior PIK Toggle Notes due 2017. Igloo intends to use the net proceeds from any such placement, together with $100.0 million of cash on hand of Interactive Data Corporation, to pay a dividend to its shareholders and a distribution to its optionholders totalling approximately $439.0 million.
Igloo is the indirect parent company of Interactive Data Corporation. 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: William Brentani, Daniel Webb, Kate Edwards, Erica Wilson and Robert Woodward (Capital Markets); Katharine Moir and Dan Foster (Tax); Tristan Brown and Jennifer Wolff (Executive Compensation and Executive Benefits).
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