Simpson Thacher represented Blackstone in the refinancing of its “Onyx” pan European urban logistics portfolio for €625 million and DKK 981 million, with Morgan Stanley and RBC, as senior lenders, and LaSalle Investment Management, as lead mezzanine lender.
In addition, Simpson Thacher also represented Blackstone in the refinancing of its “Sunflower” UK logistics portfolio for £483.1 million, with Bank of America Merrill Lynch, as senior lender, and Partners Group, as mezzanine lender.
The Onyx portfolio comprises 164 high-quality logistics assets in key locations across France, The Netherlands and Denmark. The Sunflower portfolio comprises 126 high-quality urban logistics assets in key locations across England, Wales and Scotland.
The Simpson Thacher team for the Onyx refinancing included Tom Lloyd, Carys Hughes, Alexandre Rakotovao and Srishti Gupta (Real Estate). The Simpson Thacher team for the Sunflower refinancing included Tom Lloyd, Carys Hughes and Alexandre Rakotovao (Real Estate).