The Firm represented Blackstone Mortgage Trust, Inc. (NYSE: BXMT) in connection with a Rule 144A/Regulation S offering of $400 million aggregate principal amount of its 3.75% Senior Secured Notes due 2027. The Company intends to use the proceeds from the offering to pay down a portion of its existing secured debt.
Blackstone Mortgage Trust is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe and Australia. The company is a real estate investment trust, or REIT, headquartered in New York City and is externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone Inc.
The Simpson Thacher team included Edgar Lewandowski, Evan Zuckerman, Ben Carson and Benjamin Pittenger (Capital Markets); Nancy Mehlman and Edward Grais (Tax); David Rubinsky and Pasco Struhs (Executive Compensation and Employee Benefits); and Jon Pall (Collateral).