We advised the representative of the initial purchasers on the offering

Davis Polk advised the representative of the initial purchasers in connection with the offering of $450 million of 9.000% senior secured notes due 2031 by The Men’s Wearhouse, a wholly owned subsidiary of Tailored Brands. The net proceeds of the offering, together with the company’s borrowings of $650 million under a new term loan facility, will be used to repay the company’s existing term loan facility and to make certain distributions to holders of the company’s common stock.

The Men’s Wearhouse is one of the largest specialty retailers of men’s apparel in the United States, with a presence across all 50 states.

The Davis Polk capital markets team included partners Maurice Blanco and Marcel Fausten, counsel Joze Vranicar and associate Jenna Pedranti. The finance team included partner James A. Florack, counsel Mayer J. Steinman and associates Lauren de Beer, Amanda Cheng, Max Berman and Olive Monye.  Counsel Dustin Plotnik and associate Omar Hersi provided tax advice.  Partner Frank Azzopardi and associate Francesca Masella provided intellectual property advice.  Counsel Loyti Cheng and associates Timothy J. Sullivan and David Sacasa-Ospina provided environmental advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice.  All members of the Davis Polk team are based in the New York office.

Copy link to share post