Simpson Thacher Represents Lead Arranger in $250 Million Credit Facility for iStar Financial
04.02.15
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The Firm represented J.P. Morgan Securities LLC as lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with a three year $250 million asset backed revolving credit facility for iStar Financial which, at the option of the borrower, will convert into a one year term loan on the third anniversary of closing.
iStar Financial is a financial and investment company focused on the commercial real estate industry.
The Simpson Thacher team included Soogy Lee, Nicholas Baker, Jay Rao and Christine Marshall (Banking & Credit).