Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in a Rule 144A/Regulation S offering by CrossCountry Intermediate HoldCo, LLC, the direct parent company of CrossCountry Mortgage, LLC, of $600 million aggregate principal amount of 6.750% Senior Notes due 2032.
CrossCountry Mortgage is the nation’s number one distributed-retail mortgage lender with over 8,000 employees operating 988 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, Patrick Baron, Deane Ciampa and Kate Burns (Capital Markets); Michael E. Mann (Tax); Corina Holland and Alexander Kokka (Intellectual Property); and Jennie Getsin (Blue Sky).