Cases & Deals

Greystar completes $850 million refinancing

Client(s) Greystar Real Estate Partners, LLC

Jones Day advised Greystar Real Estate Partners, LLC, a fully-integrated property management, investment management and development and construction services company specializing in the multifamily real estate industry, in connection with its $850 million refinancing, consisting of (i) a new $450 million syndicated “term loan B” credit facility, and (ii) the issuance of $400 million in aggregate principal amount of 7.750% Senior Secured Notes due 2030 in a Rule 144A and Regulation S offering. Jones Day also represented Greystar in its concurrent redemption of all of its outstanding 5.75% Senior Secured Notes due 2025 and repayment of all amounts outstanding under its existing senior secured revolving credit facility.