Lions Gate Entertainment Corp’s $512.3 million Notes Offering


Simpson Thacher represented J.P. Morgan Securities LLC, as sole dealer manager, in connection with an exchange of $512.3 million aggregate principal amount of 5.875% Senior Notes due 2024 issued by Lions Gate Entertainment Corp. for an equal principal amount of 5.875% Senior Notes due 2024 issued by its subsidiary Lions Gate Capital Holdings LLC and guaranteed by Lions Gate. The exchange offer settled on March 28, 2018. The Firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with Lions Gate’s $3.5 billion senior secured revolving and term loan credit facilities. The credit agreement facilities closed on March 22, 2018.

Lions Gate is one of the largest independent producers of motion pictures and television programming in the world with major box-office franchises and platform defining hits for television. The company, led by Michael Burns, Jon Feltheimer and Brian Goldsmith, in 2017 recorded $3.201 Billion revenues.

The Simpson Thacher team included William Brentani (Picture), Ryan Coombs, Andy Roy and Blake Meyer (Capital Markets); William Sheehan, Ismael Duran and Kyle Spies (Banking and Credit); Marcela Robledo (Intellectual Property); Katharine Moir, Jacqueline Clinton and Sarah Katz (Tax); and Jon Pall (Collateral).

Involved fees earner: William Brentani – Simpson Thacher & Bartlett; Ryan Coombs – Simpson Thacher & Bartlett; Andrew Roy – Simpson Thacher & Bartlett; Blake Meyer – Simpson Thacher & Bartlett; William Sheehan – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Kyle Spies – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Sarah Katz – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities; JPMorgan Chase & Co.;

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Author: Ambrogio Visconti