The Firm recently represented the international managers in connection with a follow-on offering of Nippon Prologis REIT, Inc., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥27.6 billion (approximately US$263 million) for the issuer, which was used with bank financing and cash on hand toward the repayment of bridge loans entered into to acquire logistics facilities and will be used to fund the acquisition of additional logistics facilities. Morgan Stanley, SMBC Nikko, Goldman Sachs International, J.P. Morgan and BofA Merrill Lynch acted as international joint lead managers for the offering.
The Simpson Thacher team included Alan Cannon, David Snowden and Brandon Whittaker (Capital Markets); Jonathan Cantor and John Torrenti (Tax); and Jennie Getsin (Blue Sky).