Simpson Thacher Represents the International Managers in Follow-on Offering of Nippon Prologis REIT
09.19.14
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The Firm recently represented the international joint lead managers in connection with a follow-on offering of Nippon Prologis REIT, Inc., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥38 billion (US$349 million) for the issuer, which was used with bank financing and cash on hand towards the repayment of bridge loans entered into to acquire logistics facilities from the sponsor, Prologis Group. Morgan Stanley, SMBC Nikko, Goldman Sachs International, J.P. Morgan and BofA Merrill Lynch acted as international joint lead managers for the offering.
The Simpson Thacher team included David Sneider, David Snowden and Hiro Senda (Capital Markets); Jonathan Cantor and Devin Heckman (Tax); and Jeanne Annarumma (ERISA).