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Legal News

Cahill Represents Lead Arrangers in $2.227 Billion Credit Facilities for Greystar Student Housing Growth and Income OP, LP

Date: 09/20/18

Cahill represented JPMorgan Chase Bank, N.A., as lead arranger and administrative agent, and the other lead arrangers in connection with a $1,602,000,000 term credit facility, a $325,000,000 term credit facility, and a $300,000,000 revolving credit facility for Greystar Student Housing Growth and Income OP, LP, a direct subsidiary of Greystar Student Housing Growth and Income Trust. Proceeds from the offering were used for the previously announced acquisition, led by funds managed by an affiliate of Greystar Real Estate Partners, of Education Realty Trust, Inc. and to refinance existing indebtedness of the target.