The Firm represented special-purpose subsidiaries of DigitalBridge Group, Inc. (“DigitalBridge”) in connection with an offering of $500 million aggregate principal amount of Series 2021-1 Secured Fund Fee Revenue Notes, consisting of up to $200 million Secured Fund Fee Revenue Variable Funding Notes, Series 2021-1, Class A-1 and $300 million Secured Fund Fee Revenue Term Notes, Series 2021-1, Class A-2. The offering closed on July 9, 2021. The Series 2021-1 Notes represent a first-of-its-kind securitization backed by investment management fees.
DigitalBridge is a leading global digital infrastructure REIT. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages a $32 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. DigitalBridge, structured as a REIT, is headquartered in Boca Raton, with key offices in Los Angeles, New York, London and Singapore.
The Simpson Thacher team included John Schueller, Katherine Draper and Arielle Katzman (Capital Markets); Jonathan Pall (Collateral); Andrew Purcell, Jonathan Cantor and Kris Liu (Tax); Parker Kelsey and Doug Brown (Funds); Jeanne Annarumma (ERISA); and William Sutton and Oliver McBain (U.K. Corporate).