The Firm represented Brixmor Property Group Inc. in connection with a $683 million secondary offering of 25,875,000 shares of common stock (including 3,375,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) by certain selling stockholders affiliated with Blackstone Real Estate Partners at a public offering price of $26.38 per share. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as joint bookrunning managers for the offering.
Brixmor is a real estate investment trust listed on the New York Stock Exchange under the symbol “BRX.” Brixmor owns and operates the nation’s largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 521 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metropolitan statistical areas.
The Simpson Thacher team for the transaction included Josh Bonnie, Edgar Lewandowski, Will Golden, Jonathan Pacheco and Daniel Honeycutt (Capital Markets); and John Hart, Nancy Mehlman, Devin Heckman and David Holmberg (Tax).
Source: www.stblaw.com
