The Firm recently represented Sumitomo Mitsui Trust Bank, Limited in connection with a Rule 144A and Regulation S offering of US$500 million aggregate principal amount of Senior Floating Rate Notes due 2016 and US$500 million aggregate principal amount of 2.95% Senior Notes due 2018, guaranteed by its parent company, Sumitomo Mitsui Trust Holdings, Inc. Goldman, Sachs & Co., J.P. Morgan, Citigroup and Daiwa Capital Markets Europe were the joint lead managers for the offering.
The Sumitomo Mitsui Trust Group is Japan’s largest trust banking group in terms of total trust account assets, with approximately ¥185 trillion as of June 30, 2013.
The Simpson Thacher team for the offering included Alan Cannon and A. Reid Monroe-Sheridan (Capital Markets); Jonathan Cantor and Devin Heckman (Tax); Stacie McGinn (Bank Regulatory); and Brian Robbins and Jeanne Annarumma (Executive Compensation and Employee Benefits).
