Blackstone Mortgage Trust’s $400 Million Senior Secured Notes Offering

Paul Hastings advised Barclays, as representative of the initial purchasers, on the deal, while Simpson Thacher advised Blackstone Mortgage Trust. Cahill represented the initial purchasers.

Blackstone Mortgage Trust, Inc.’s (NYSE: BXMT) executed a private offering of $400 million of senior secured notes due 2027. 

The Initial Purchasers included Barclays Capital Inc., BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and Blackstone Securities Partners L.P.

Blackstone Mortgage Trust, Inc., a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe and Australia, is externally managed by a subsidiary of Blackstone Inc.

Securities & Capital Markets partner Yariv Katz (Picture) led the Paul Hastings team, which also included partner Max Kirchner and associates Flavio Averbug and Matthew Schob. The Paul Hastings team has also represented the underwriters in multiple prior public offerings for Blackstone Mortgage Trust, Inc. 

The Simpson Thacher team included Edgar Lewandowski, Evan Zuckerman, Ben Carson and Benjamin Pittenger (Capital Markets); Nancy Mehlman and Edward Grais (Tax); David Rubinsky and Pasco Struhs (Executive Compensation and Employee Benefits); and Jon Pall (Collateral).

Cahill represented the initial purchasers with David L. Barash, Davis B. Frank, Marc Shepsman and Elizabeth Sweeny.

Involved fees earner: David Barash – Cahill Gordon & Reindel; Davis Frank – Cahill Gordon & Reindel; Marc Shepsman – Cahill Gordon & Reindel; Elizabeth Sweeny – Cahill Gordon & Reindel; Yariv Katz – Paul Hastings LLP; Max Kirchner – Paul Hastings LLP; Ben Carson – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Edgar Lewandowski – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Benjamin Pittenger – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett; Evan Zuckerman – Simpson Thacher & Bartlett;

Law Firms: Cahill Gordon & Reindel; Paul Hastings LLP; Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Barclays Bank; Barclays Capital ; Blackstone Mortgage Trust, Inc.; Blackstone Securities Partners; Deutsche Bank Securities; J.P. Morgan Securities LLC; Wells Fargo Securities;

Martina Bellini

Author: Martina Bellini