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Phone: 212.701.3614
Fax: 212.378.2410
ltellefsen@cahill.com

Legal News

Cahill Represents Financing Sources in Senior Notes Offering and Credit Facility for Crescent Communities

Date: 10/14/16

Cahill represented J.P. Morgan, Credit Suisse, and RBC Capital Markets as joint book-running managers in connection with the Rule 144A offering of $400,000,000 aggregate principal amount of 8.875% Senior Secured Notes due 2021 by Crescent Communities, LLC, a real estate company specializing in the development and sale of single family and multifamily residential and mixed-use communities. Proceeds from the offering were used to refinance existing indebtedness. Cahill also represented JPMorgan Chase Bank as administrative agent and lead arranger in connection with a $75,000,000 revolving credit facility for Crescent Communities, LLC.