19 02 2016

Hub International Limited' $300 Million Senior Second Lien Secured Notes Offering

Simpson Thacher represented Hub International Limited in connection with its Rule 144A and Regulation S offering of $300 million aggregate principal amount of 9.25% Senior Second Lien Secured Notes due 2021


The Notes and related guarantees are secured by a second priority security interest in substantially all of Hub’s and its subsidiary guarantors’ present and future assets which secure their obligations under Hub’s U.S. senior secured credit facilities on a senior-priority basis. Hub intends to use the net proceeds from the offering for general corporate purposes, including to fund future acquisitions and to pay down revolving credit loans under its U.S. senior secured credit facilities. Hub is a leading insurance broker in North America and provides a broad array of insurance-related products and services, including property and casualty, employee benefits, life and health, and risk management. The company, led by Martin P. Hughes, Joseph C. Hyde, W. Kirk James, John Connelly and Richard A. Gulliver, is based in Chicago. The Simpson Thacher team included William Brentani (Picture), Ryan Coombs, Kelli Schultz and Robert Fannion (Capital Markets); Brian Steinhardt, Stephanie Rotter, Ben Baucom and Jeff Liu (Credit); Katharine Moir (Tax); Amber Harezlak (Intellectual Property); and Jonathan Pall (Collateral). Involved fees earner: William Brentani - Simpson Thacher & Bartlett; Ryan Coombs - Simpson Thacher & Bartlett; Kelli Schultz - Simpson Thacher & Bartlett; Jonathan Pall - Simpson Thacher & Bartlett; Brian Steinhardt - Simpson Thacher & Bartlett; Stephanie Rotter - Simpson Thacher & Bartlett; Benjamin Baucom - Simpson Thacher & Bartlett; Jeff Liu - Simpson Thacher & Bartlett; Katharine Moir - Simpson Thacher & Bartlett; Amber Harezlak - Simpson Thacher & Bartlett;

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