Cognita’s £60 Million Senior Secured Notes Offering

Simpson Thacher represented a finance subsidiary of Cognita in connection with a Regulation S offering of £60 million in aggregate principal amount of its 7.75% Senior Notes due 2021.

The transaction closed on February 22, 2018. The proceeds of the offering, together with local bank debt, will be used to acquire the American British School in Chile and pay related local transaction costs, with the remaining amounts to be used to fund cash on balance sheet for general corporate purposes and to pay transaction costs and expenses related to the placement of the Notes.

Cognita is a leading global operator of private-pay K-12 schools. As of November 30, 2017, it operated 68 schools across Asia, Europe and Latin America. The company, led by Chris Jansen, Michael Robin Uzielli, Dean Villa, Josep Caubet and Stuart Rolland, is based in Milton Keynes.

The Simpson Thacher team included Nick Shaw (Pictrue), J. Hillyer Jennings and J. John Lim (Capital Markets); and Shahpur Kabraji and Alexander Volsky (Credit).

Involved fees earner: Nicholas Shaw – Simpson Thacher & Bartlett; Hillyer Jennings – Simpson Thacher & Bartlett; John Lim – Simpson Thacher & Bartlett; Shahpur Kabraji – Simpson Thacher & Bartlett; Alexander Volsky – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Cognita;