Simpson Thacher Represents Issuer in Private Offering of Senior Secured Notes by ClearBridge Energy MLP Total Return Fund Inc.
04.11.13
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Simpson Thacher represented ClearBridge Energy MLP Total Return Fund Inc. (the “Fund”) in connection with its $180 million issuance of senior secured notes. The Fund is a non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “CTR”.
The Fund’s investment objective is to provide a high level of total return, consisting of cash distributions and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in master limited partnerships in the energy sector. Legg Mason Partners Fund Advisor, LLC is the Fund’s investment manager. The Fund’s subadviser is ClearBridge Investments, LLC, a subsidiary of Legg Mason, Inc.
The Simpson Thacher team for the transaction included: Sarah Cogan, Rafael Vasquez and Allen Pan (Capital Markets) and Mary Touchstone, Brandon Messina and Adam Moss (Banking and Credit).