Total System Services, Inc.’s $1 Billion Notes Offering

Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, in an offering of $550 million in aggregate principal amount of 4% Senior Notes due 2023 and $450 million in aggregate principal amount of 4.45% Senior Notes due 2028 by Total System Services, Inc. (“TSYS”) (NYSE: TSS).

The net proceeds from the offering will be used to repay a portion of the company’s existing indebtedness.

TSYS is a global payment solutions provider that provides services to financial and nonfinancial institutions. TSYS also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants, and general purpose reloadable prepaid and payroll cards and alternative financial service solutions to the under-banked and other consumers.

The Simpson Thacher team included Andy Keller (Picture), Lesley Peng and Conor Colasurdo (Capital Markets); Jonathan Cantor and Nicole Humphrey (Tax); Larry Moss (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).


Involved fees earner: Andrew Keller – Simpson Thacher & Bartlett; Lesley Peng – Simpson Thacher & Bartlett; Conor Colasurdo – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities;


Author: Ambrogio Visconti