Sungard Availability Services’ $1.275 Billion Refinancing Transactions

Simpson Thacher represented Sungard Availability Services Capital, Inc. (“SAS”) in connection with a series of refinancing transactions closing in July 2017 and January 2018, completed to extend the maturity of SAS’s senior secured credit facilities

In connection with the refinancing transactions, SAS successfully extended the maturity of (i) a portion of the revolving commitments previously available under the Credit Facilities to September 2020; (ii) a portion of the term loans previously outstanding under the Credit Facilities to September 2021; and (iii) the remainder of the term loans previously outstanding under the Credit Facilities to October 2022.

SAS is one of the world’s leading technology production and recovery services companies.

The Simpson Thacher team for this transaction included Jennifer Hobbs (Picture), Eli Isak and Scott Winston (Credit); Richard Fenyes and Dorothy Hector (Capital Markets); Elisha Graff and Michael Torkin (Bankruptcy and Restructuring); Lori Lesser (Intellectual Property); and Tim Gallagher (Real Estate).

 

Involved fees earner: Jennifer Hobbs – Simpson Thacher & Bartlett; Eli Isak – Simpson Thacher & Bartlett; Scott Winston – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Elisha Graff – Simpson Thacher & Bartlett; Michael Torkin – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Sungard Availability Services Capital, Inc. ;