Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 16-10-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | SBA Communications - Secured Tower Revenue Securitisation | Industry: | Mobile Telecommunications |
| Description: |
Simpson Thacher represented the initial purchasers of USD1,540 million in aggregate principal amount of Secured Tower Revenue Securities issued by SBA Tower Trust. The Securities were issued in two subclasses, USD920 million in principal amount of Series 2014-1C Securities having a Pass-Through Rate of 2.898% and an anticipated maturity of 5 years and USD620 million in principal amount of Series 2014-2C Securities having a Pass-Through Rate of 3.869% and an anticipated maturity of 10 years. The Securities represent interests in a mortgage loan made by the Trust to indirect wholly owned subsidiaries of SBA Communications Corporation. Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC served as joint structuring advisors and joint bookrunning managers in the offering, which closed on October 15, 2014.
The Simpson Thacher team included Laura Palma, Katerina Kousoula and Jeongseok Jay Yu (Capital Markets); Mardi Merjian (Real Estate); Michael Isby (Environmental); Jason Vollbracht (Tax); Jonathan S. Pall (Collateral); Gregory Grogan and Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Arranger | Law Firm | Simpson Thacher |
| Assets Jurisdiction | United States | Issuer Jurisdiction | United States |
| Classification: |
Securitisation and Structured Finance Corporate Securitisation |
Lawyer | Laura Palma |
