Stericycle, Inc.’s $600 Million Notes Offering

Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Stericycle, Inc. of $600 million aggregate principal amount of its 5.375% senior notes due 2024.

BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., BMO Capital Markets Corp. and Citizens Capital Markets, Inc. acted as initial purchaser on the deal.

Stericycle, Inc. is a U.S. based business-to-business services company and leading provider of compliance-based solutions that protect people and brands, promote health and safeguard the environment. Stericycle serves more than one million customers in all 50 U.S. states and 21 countries worldwide with solutions for regulated waste management, secure information destruction, compliance and customer contact.

The Davis Polk capital markets team included partners Michael Kaplan (Picture) and Derek Dostal and associates Carrie Guo and Ernesto Talamás Velázquez. The tax team included partner Mario J. Verdolini and associate Catherine L. Chu. The environmental team included counsel Loyti Cheng and associates Michael Comstock and Rachel Hoberman.

Involved fees earner: Loyti Cheng – Davis Polk & Wardwell; Catherine Chu – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Carrie Guo – Davis Polk & Wardwell; Rachel Hoberman – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Ernesto Talamás Velázquez – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; BMO Capital Markets; Citizens Capital Markets; Goldman Sachs & Co.; HSBC Securities; J.P. Morgan Securities LLC; MUFG Securities Americas Inc. ; SMBC Nikko Securities America;

Author: Ambrogio Visconti