Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC and RBC Capital Markets, LLC, in connection with a debut Rule 144A/Regulation S offering by Empire Communities Corp. (“Empire”) of US$400 million aggregate principal amount of 7% Senior Notes due 2025 (the “USD Notes”) and C$150 million aggregate principal amount of 7.375% Senior Notes due 2025, which were issued on December 22, 2020.
Simpson Thacher also represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the add-on offering by Empire of US$75 million of additional USD Notes, which were issued on January 27, 2021.
Empire is one of North America’s largest private homebuilders, with over 27 years of experience and operating history.
The Simpson Thacher team included Marisa Stavenas, John O’Connell, Hyo Min Kim, Tommy Garber and Tarra Theisen (Capital Markets); Nancy Mehlman and Abigail Hopper (Tax); Jennifer Neilsson and Richard Malek (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); Timothy Gallagher (Real Estate); Genevieve Dorment and Bobbie Burrows (Intellectual Property); and Jennie Getsin (Blue Sky).