Paymentsense’s High‑Yield Senior Secured Notes Offering
August 14, 2020
Cravath represented J.P. Morgan Securities plc, as initial purchaser, in connection with the £290 million 144A/Reg. S high‑yield senior secured notes offering of Hurricane Finance plc, guaranteed by Hurricane Bidco Limited, Paymentsense Limited and Paymentsense Ireland Limited and, as arranger, in connection with the concurrent entry into a £90 million PIK loan by Hurricane Cleanco Limited. Paymentsense is the United Kingdom’s leading digital commerce platform serving approximately 82,000 small and medium sized businesses in the United Kingdom and Ireland. The notes were listed on The International Stock Exchange. The transaction closed on August 14, 2020.
The Cravath team included partner Philip J. Boeckman and associates Timothy J. Leung and Henri R. Simonet, and partner Christopher K. Fargo and associate Joyce Y. Kim on tax matters. Connor F. O’Neill also worked on the matter and Duncan H. Hardell and Brittany A. Milano also worked on tax matters.
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
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