04 04 2016

Total System Services, Inc.'s $1.5 Billion Senior Notes Offering

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in an offering of $750 million in aggregate principal amount of 3.8% Senior Notes due 2021 and $750 million in aggregate principal amount of 4.8% Senior Notes due 2026 by Total System Services, Inc. (“TSS”).


The net proceeds from the offering will be used to pay a portion of the approximately $2.35 billion purchase price for the company’s acquisition of TransFirst Holdings, Corp. TSS is a global payment solutions provider that provides services to financial and nonfinancial institutions. TSS 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), Alexander Muller and Samuel Egendorf (Capital Markets); Jonathan Cantor and Taylor Alexander (Tax); Michelle Morad (Intellectual Property); Mark Chorazak (Regulatory); and Jennie Getsin (Blue Sky). Involved fees earner: Andrew Keller - Simpson Thacher & Bartlett; Alexander Muller - Simpson Thacher & Bartlett; Samuel Egendorf - Simpson Thacher & Bartlett; Jonathan Cantor - Simpson Thacher & Bartlett; Taylor Alexander - Simpson Thacher & Bartlett; Jennie Getsin - Simpson Thacher & Bartlett; Mark Chorazak - Simpson Thacher & Bartlett; Michelle Morad - Simpson Thacher & Bartlett;

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