Simpson Thacher represented the underwriters Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC in the recent public offering of 4,000,000 shares of 4.50% Series J Cumulative Convertible Perpetual Preferred Stock issued by iStar Financial Inc. The offering included 500,000 shares issued following the exercise by the underwriters of their over-allotment option.
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,” and has invested more than $35 billion over the past two decades. iStar’s primary business segments are real estate finance, net leasing, operating properties and land.
The Simpson Thacher team included John Lobrano, Patrick Baron, Ken Shin and Judy Huang (Capital Markets); Jonathan Cantor and Devin Heckman (Tax); and Andrew Pagliughi (FINRA and Blue Sky).
