Simpson Thacher represented APX Group, Inc. ( Vivint ), a Blackstone portfolio company, in connection with its Rule 144A and Regulation S offering of $100 million aggregate principal amount of its 8.75% Senior Notes due 2020. The notes were issued as additional 8.75% Senior Notes due 2020 under the indenture dated as of November 16, 2012. Vivint used the proceeds from the offering for general corporate purposes.
Vivint, a Delaware corporation headquartered in Provo, Utah, is one of the largest residential security solutions companies and one of the largest and fastest-growing home automation services providers in North America.
The Simpson Thacher team for the transaction included Igor Fert, Jonathan Ozner and Jim Russell (Capital Markets); Adeeb Fadil and Noreen Lavan (Environmental); Gregory Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); Samantha Himelman (Intellectual Property); and Jon Cantor and Sophie Staples (Tax). Summer associate Brandon Whittaker also provided valuable assistance.