Simpson Thacher represented J.P. Morgan Securities LLC and Sandler O’Neill & Partners, L.P., as initial purchasers, in an offering by Flagstar Bancorp, Inc. (“Flagstar Bancorp”) of $250 million aggregate principal amount of 6.125% Senior Notes due 2021. The offering was conducted in reliance upon Rule 144A, Regulation S and Rule 501 under the U.S. Securities Act of 1933. The notes offering closed on July 11, 2016.
Flagstar Bancorp, Inc. (NYSE: FBC), is a $13.7 billion savings and loan holding company headquartered in Troy, Michigan. Its principal subsidiary, Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 26 retail locations in 19 states.
The Simpson Thacher team included Lesley Peng, Alejandro de Ramon-Laca and Kyle Spies (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jonathan Cantor and Andrew Purcell (Tax); Alina Grinman and Samantha Steinfeld (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).