Ashton Woods Completes $350 Million Senior Notes Offering
08.03.21
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Simpson Thacher represented Ashton Woods USA L.L.C. (“Ashton Woods”) and Ashton Woods Finance Co. (together, the “Issuers”) in connection with their offering of $350 million aggregate principal amount of 4.625% Senior Notes due 2029 in reliance on Rule 144A and Regulation S. The Issuers intend to use the net proceeds of the offering to redeem their outstanding 6.75% Senior Notes due 2025 and for working capital and general corporate purposes.
Ashton Woods is one of the nation’s largest private homebuilding companies.
The Simpson Thacher team for the transaction included Marisa Stavenas, Roxane Reardon, Ben Heriaud and Pia Figuerola (Capital Markets); Drew Purcell and Nicole Humphrey (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Corina McIntyre (Intellectual Property); Tim Gallagher (Real Estate); and Adeeb Fadil (Environmental). Summer Associate Aaron Gurley also provided valuable assistance.