American Medical Systems Europe BV’s €3 Billion Notes Offering

Simpson Thacher represented Barclays, BofA Securities, Citigroup, Société Générale Corporate & Investment Banking, Wells Fargo Securities, BNP PARIBAS, DNB Markets, Goldman Sachs & Co. LLC, MUFG, RBC Capital Markets,Scotiabank, TD Securities, US Bancorp.Allied Irish Banks, Deutsche Bank, IMI, Intesa Sanpaolo and Standard Chartered Bank ?who acted as underwriters on the deal.

American Medical Systems Europe B.V. announced its €3 billion of debt securities, fully and unconditionally guaranteed by Boston Scientific Corporation (“Boston Scientific”), consisting of €1 billion of 0.75% Senior Notes due 2025, €750 million of 1.375% Senior Notes due 2028, €750 million of 1.625% Senior Notes due 2031 and €500 million of 1.875% Senior Notes due 2034. Boston Scientific used the net proceeds from the offering, together with short-term borrowings and cash on hand, to fund a related cash tender offer and to pay accrued and unpaid interest, premiums, fees and expenses in connection with the tender offer.

AMS is a leading maker of urological devices as well as urinary incontinence devices for women. Other products treat such conditions as menorrhagia (excessive uterine bleeding), enlarged prostate, and fecal incontinence. AMS has around 80 independent distributors in addition to a global sale and marketing force of about 500 employees.

The Simpson Thacher team for the transaction included Roxane Reardon (Picture), Patrick Baron, Carlie Marks and Daniel Westen (Capital Markets); Jonathan Cantor and Edward Grais (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Vanessa Burrows (Healthcare); Michael Isby (Environmental); Jeanne Annarumma and Brian Chung (ECEB); and Jennie Getsin (FINRA/Blue Sky).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Patrick Baron – Simpson Thacher & Bartlett; Vanessa Burrows – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Brian Chung – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Carlie Marks – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Daniel Westen – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Allied Irish Bank (AIB); Barclays Bank; BNP Paribas; BofA Securities India Limited (DSP Merrill Lynch Limited); Citigroup Inc.; Deutsche Bank; DNB Markets; Goldman Sachs & Co.; IMI – Intesa SanPaolo; MUFG; RBC Capital Markets; Scotiabank; Société Générale Corporate & Investment Banking; Standard Chartered Bank; TD Securities; US Bancorp; Wells Fargo Securities;


Author: Youness Semri