Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in the debut Rule 144A/Regulation S offering by CrossCountry Intermediate HoldCo, LLC, the direct parent company of CrossCountry Mortgage, LLC, of $900 million aggregate principal amount of 6.500% Senior Notes due 2030.
CrossCountry Mortgage is the nation’s number one distributed-retail mortgage lender with approximately 7,500 employees operating 960 retail branches and servicing loans across all 50 states, Washington, D.C. and Puerto Rico.
The Simpson Thacher team included John C. Ericson, Richard Fenyes, Matt Petrone, Erin Camia and Kate Burns (Capital Markets); Michael E. Mann (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Corina Holland and Alexander Kokka (Intellectual Property); and Jennie Getsin (Blue Sky).