Simpson Thacher advised Brixmor Property Group Inc., a Blackstone portfolio company, on its $948.8 million initial public offering of common stock. BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities were the joint bookrunners and representatives of the underwriters for the offering. The common stock began trading on The New York Stock Exchange under the ticker symbol “BRX” on October 30, 2013. Brixmor owns and operates the nation's largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 520 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metropolitan statistical areas.
The Simpson Thacher team for the transaction included Josh Bonnie, Edgar Lewandowski, Will Golden, John Freese, Shannon Itoyama, Jacqueline Barbera and former associate Vanessa Clark (Capital Markets – IPO); John Lobrano (Capital Markets – Bonds); Greg Ressa, Erik Quarfordt, Frank Giovinazzo, Frank Mangiatordi and Jason Mohr (Real Estate); John Hart, Nancy Mehlman, Jason Vollbracht, Devin Heckman and Jessica Garcia (Tax); Greg Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits); Ellen Smiley and Amanda Weiss (Public Company Advisory Practice); Steve DeLott (Insurance); and Michael Isby (Environmental). Frank Marinelli, Jeanne M. Annarumma, James Rapp, Jennifer Nadborny and Frank Kwok also provided invaluable assistance.