Simpson Thacher Represents Barclays in $880 Million Senior Secured Credit Facilities for iStar Financial, Inc.
03.22.12
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The Firm recently represented Barclays Bank PLC as administrative agent in connection with $880 million of senior secured credit facilities for iStar Financial, Inc. (“iStar”). Barclays Capital and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Joint Lead Arrangers and Joint Bookrunners and J.P. Morgan Securities LLC acted as Joint Bookrunner. The credit facilities include a $410 million A-1 tranche maturing in four years and a $470 million A-2 tranche maturing in 5 years.
iStar is a fully-integrated finance and investment company focused on the commercial real estate industry. The company has invested more than $35 billion over the past two decades.
The Simpson Thacher team included Justin Lungstrum and Allison Wilson (Credit); Paul Koppel (Executive Compensation and Employee Benefits); Tim Mulvihill (Environmental); Mindy Lok (IP); Mardi Merjian (Real Estate); and Beatrice Larkin (Tax).