Simpson Thacher Represents syncreon Holdings Limited in $100 Million Senior Notes Add-on Offering

The Firm represented syncreon Global (Ireland) Limited and syncreon Global Finance (US) Inc. as co-issuers, in connection with their issuance and sale of $100 million aggregate principal amount of 9.50% senior unsecured notes due 2018. The notes constitute an issuance of additional notes under the issuers’ existing indenture relating to the issuers’ $300 million aggregate principal amount of 9.50% senior notes due 2018 which were issued in April 2010. J.P. Morgan Securities LLC was the initial purchaser. The notes were offered and sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Blackstone in Acquisition of Apple REIT Six

The Firm is representing an affiliate of Blackstone Real Estate Partners VII in connection with its acquisition of Apple REIT Six, Inc., a public real estate investment trust. The total transaction value, including transaction costs and the assumption or repayment of the Company’s debt, is approximately $1.2 billion. Pursuant to the terms of the merger agreement, each issued and outstanding Unit (Common Share and related Series A Preferred Share) of the Company will be converted into the right to receive consideration with a stated value of $11.10 per Unit consisting of (i) $9.20 in cash and (ii) one share of 7% Series A Cumulative Redeemable Preferred Stock having a liquidation preference of $1.90 per share. The agreement is subject to shareholder approval and customary closing conditions.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Former Freddie Mac Executive Vice President, General Counsel and Corporate Secretary Robert Bostrom Joins Greenberg Traurig

Former Freddie Mac Mac’s Executive Vice President, General Counsel and Corporate Secretary Robert E. Bostrom has joined the international law firm Greenberg Traurig, LLP’s New York City office as a shareholder in the Corporate & Securities and Financial Institutions practices. Bostrom joins from his position as Co-Head of the Global Financial Institutions and Fund sector at SNR Denton. There he also led that firm’s corporate governance, board advisory and crises management practice and was part of the Dodd-Frank special situations team.

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Tags:  Greenberg Traurig LLP | New York

Paul Hastings Represents Xinyuan Estate Co. in Acquisition Williamsburg Property

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Xinyuan Real Estate Co., a Beijing-based company that is listed on the NYSE, in its $54 million acquisition of a parcel of land at 421 Kent Avenue, Williamsburg, New York City. The site was acquired from an entity controlled by New York real estate investor Richard Kalikow.

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Tags:  Paul Hastings LLP | New York