Akin Gump Strauss Hauer & Feld LLP

10/21/2020 | Press release | Archived content

Akin Gump Advises Alliance Data Systems in $500 Million Senior Note Offering

(Dallas) - Akin Gump represented Alliance Data Systems Corporation in connection with the offer and sale of $500 million aggregate principal amount of its 7.000 percent senior notes due 2026.

The notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Alliance Data Systems used the net proceeds from the notes offering to repay the outstanding indebtedness under the term loans provided for in its existing credit agreement.

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The Akin Gump team advising Alliance Data Systems included corporate partners Seth Molay, Alan Laves and Matthew Bivona, senior counsel Irina Maistrenko, counsel Rachel Evans, and associates Trevor Vega and Penelope Shumway. Tax partner Jocelyn Tau and senior counsel Brandon Morris were also part of the team.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75

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