Tuesday, August 14, 2012
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Rob Williams, represented J.P. Morgan, RBS, Wells Fargo Securities and a syndicate of ten other underwriters in connection with the registered public offering by BRE Properties, Inc. ("BRE") of $300 million 3.375% Senior Notes due 2023.
BRE is a real estate investment trust ("REIT") focused on the ownership, operation, development and acquisition of apartment communities located primarily in California, and Seattle, Washington, with a portfolio of real estate assets having a book value of approximately $3.4 billion. BRE intends to use the proceeds to repay outstanding amounts under its credit facility and for general corporate purposes.
This transaction is the fifth time since 2010 that Milbank has acted as underwriters' counsel for a BRE financing. During that time, Milbank has assisted the Company in raising more than $1.5 billion through SEC-registered equity and debt offerings.
In addition to Rob Williams, the Milbank team included associates Sam Badawi and Elizabeth Rosado from the Global Securities Group. Tax support was provided by partner Bruce Kayle and associate Joanna Grossman.
Kinney Recruiting prides itself on placing the best lawyers in ideal legal jobs. Our recruiters strive to ensure that all of our placements are the best possible career moves for both candidates and the hiring law firm. If you are thinking about a lateral move, the only choice is Kinney!