Shearman And Sterling

News February 04, 2014

Shearman & Sterling Advises on Holdings LLC’s $100 Million Notes Offering

Shearman & Sterling represented Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and RBC Capital Markets, LLC as the initial purchasers in connection with the Rule 144A/Regulation S offering by Holdings LLC of $100 million aggregate principal amount of 9.625 percent / 10.375percent Senior Notes due 2018.  The proceeds from the offering will be used to pay cash dividends on, and/or make other payments in respect of Holdings LLC’s or its subsidiaries’ equity interests. The offering was a re-opening and an issuance of additional notes under the indenture, dated as of September 17, 2013, pursuant to which Holdings LLC previously issued $300 million aggregate principal amount of its 9.625 percent / 10.375 percent Senior Notes due 2018. Holdings LLC is a holding company which owns all of the membership interests of LLC, the world’s largest online family history resource, operating websites accessible worldwide, including dedicated sites in the United States, United Kingdom, Australia, Canada and Sweden.

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