Simpson Thacher Represents Blackstone in Secondary Offering of General Growth Properties Common Stock
05.13.13
This is only gets display when printing
The Firm represents funds affiliated with The Blackstone Group in connection with an underwritten public offering of 23.4 million shares of common stock of General Growth Properties, Inc. The Blackstone affiliates received proceeds of approximately $536 million from the offering. The shares represent the remaining portion of the equity Blackstone acquired as part of the restructuring of General Growth and its emergence from bankruptcy in 2010. The Firm represented Blackstone in the restructuring.
General Growth is a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing and redeveloping high-quality regional malls throughout the United States and Brazil. General Growth’s shares trade on the New York Stock Exchange.
The Simpson Thacher team included Ed Tolley and David Azarkh (Capital Markets); Brian Stadler and Sean Crnkovich (M&A); and Julia Kohen (Credit).