Ashton Woods Completes $100 Million Tack-On Senior Notes Offering
01.31.22
This is only gets display when printing
Simpson Thacher represented Ashton Woods USA L.L.C. (“Ashton Woods”) and Ashton Woods Finance Co. in connection with their offering of $100 million aggregate principal amount of 4.625% Senior Notes due 2030 in reliance on Rule 144A and Regulation S. The notes constituted a reopening of the $300 million aggregate principal amount of 4.625% Senior Notes due 2030 originally issued on September 23, 2021. Ashton Woods intends to use the net proceeds of the offering to repay borrowings under its revolving credit facility.
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 Ruoxi Zhang (Tax); Jeanne Annarumma and Charles Pfeifer (Executive Compensation and Employee Benefits); Genevieve Dorment and Melanie Jolson (Intellectual Property); Tim Gallagher (Real Estate); and Adeeb Fadil (Environmental).