Simpson Thacher represented the underwriters Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC in the recent public offerings of $300 million aggregate principal amount of 7.125% Senior Notes Due 2018 and $200 million aggregate principal amount of 3.00% Convertible Senior Notes Due 2016 issued by iStar Financial Inc.
iStar Financial Inc. is a fully-integrated finance and investment company focused on the commercial real estate industry. It provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. It is taxed as a real estate investment trust, or ‘‘REIT,’’ for U.S. federal income tax purposes, and has invested more than $35 billion over the past two decades. iStar’s three primary business segments are lending, net leasing and real estate investment.
The Simpson Thacher team included John Lobrano, Patrick Baron, Arjun Koshal and Jona Lundborg (Capital Markets); Jonathan Cantor and Devin Heckman (Tax); and Andrew Pagliughi and Jennie Getsin (FINRA and Blue Sky).
