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.
Related Practices & Industries
People
- Photo
-
-
J.D., 1991, University of Missouri Columbia School of LawOrder of the Coif, magna cum laude
-
B.A., 1988, Westminster Collegecum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
-
B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
May 19, 2025
Celulosa Arauco y Constitución S.A.’s Sustainable Notes Offering
Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S sustainable notes offering of Celulosa Arauco y Constitución S.A., one of Latin America's largest forest plantation owners and one of the world's largest producers of pulp and wood products. The transaction closed on May 5, 2025.
Deals & Cases
March 31, 2025
Alumina Pty Limited’s $1 Billion High‑Yield Senior Notes Offering and Alcoa Nederland Holding B.V.’s Concurrent $1 Billion Cash Tender Offers
Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg S. high‑yield senior notes offering of Alumina Pty Ltd, a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. Cravath also represented the dealer managers in connection with the concurrent cash tender offers for notes of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, with an aggregate principal amount of up to $1 billion. The transactions closed on March 17, 2025.
Deals & Cases
March 21, 2025
First Horizon Corporation’s Fixed Rate/Floating Rate Senior Notes Offering
Cravath represented the underwriters in connection with the $500 million fixed rate/floating rate senior notes offering of First Horizon Corporation, a holding company for First Horizon Bank that provides various financial services. The transaction closed on March 7, 2025.
Deals & Cases
March 14, 2025
Credit Acceptance Corporation’s High‑Yield Senior Notes Offering
Cravath represented the initial purchasers in connection with the $500 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. The transaction closed on February 28, 2025.
