The Firm recently represented J.P. Morgan Securities, as joint physical bookrunner and joint lead arranger and bookrunner, and JPMorgan Chase Bank, N.A. as administrative agent, in connection with a $1.82 billion senior secured credit facility for iStar Financial, Inc. (“iStar”). Proceeds from the facility were used to refinance iStar’s existing 2011 credit facility.
iStar is a fully-integrated finance and investment company focused on the commercial real estate industry. The company has invested more than $35 billion over the past two decades.
The Simpson Thacher team included JT Knight, Soogy Lee, Nicholas Baker, Gibbs Fryer and Leah Shen (Credit); Alvin Brown (Executive Compensation and Employee Benefits); and Sean FitzGerald (Tax).
