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Firm Represents Initial Purchasers in $275 Million Notes Offering by iStar Financial Inc.

05.16.12

The Firm represented BofA Merrill Lynch, Barclays and J.P. Morgan, as initial purchasers, in connection with a Rule 144A/Regulation S offering by iStar Financial Inc. of $275 million of its 9.0% Senior Notes due 2017. The offering closed on May 8, 2012.

iStar Financial Inc. is a fully-integrated finance and investment company focused on the commercial real estate industry. It provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. It is taxed as a real estate investment trust, or ‘‘REIT,’’ for U.S. federal income tax purposes, and has invested more than $35 billion over the past two decades. iStar’s three primary business segments are lending, net leasing and real estate investment.

The Simpson Thacher team included John Lobrano, Patrick Baron, Jasmine Kaufman and Eddie Bontkowski (Capital Markets); Jonathan Cantor and Christian Miller (Tax); and Andrew Pagliughi  (FINRA and Blue Sky).