The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC, Citigroup Global Markets LLC, RBC Capital Markets, LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc., in a sale of $200 million of 8.500% Senior Notes due 2019 of AV Homes, Inc., a Delaware corporation, pursuant to Rule 144A and Regulation S.
AV Homes, Inc. is engaged in homebuilding, community development and land sales in Florida, Arizona and North Carolina. Its principal operations are conducted near Orlando, Florida, Phoenix, Arizona and Raleigh and Charlotte, North Carolina. The Company builds communities that serve active adults 55 years and older and people of all ages.
The Simpson Thacher team for this transaction included John C. Ericson, Hui Lin, David Azarkh and Tamaron Greene (Capital Markets); Adeeb Fadil (Environmental); Vanessa Grieve (Tax); Samantha Himelman (Intellectual Property), David Mollo-Christensen (Executive Compensation and Employee Benefits) and Andrew Pagliughi (Blue Sky).