Cognita’s £50 Million Senior Secured Notes Offering

Simpson Thacher represented a finance subsidiary of Cognita in connection with a Regulation S offering of £50 million in aggregate principal amount of its 7.75% Senior Notes due 2021. The transaction closed on May 8, 2017.

The net proceeds of the offering were used to repay amounts under Cognita’s revolving credit facility, with the remaining amounts to be used for general corporate purposes.

Cognita is a leading global operator of private-pay K-12 schools. As of February 28, 2017, it operated 66 schools across Asia, Europe and Latin America.

The Simpson Thacher team included Carol Daniel (Picture), Uma Sud, Adam Wollstein, J. Hillyer Jennings and Pieter Lavens (Capital Markets); and Shahpur Kabraji and Alexander Volsky (Credit).

Involved fees earner: Carol Daniel – Simpson Thacher & Bartlett; Uma Sud – Simpson Thacher & Bartlett; Adam Wollstein – Simpson Thacher & Bartlett; Hillyer Jennings – Simpson Thacher & Bartlett; Shahpur Kabraji – Simpson Thacher & Bartlett; Alexander Volsky – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Cognita;