Blackstone Secures $450 Million in Senior Notes with J.P. Morgan as Key Player
Deal News | Dec 10, 2024 | Paul Hastings
Paul Hastings LLP has successfully advised J.P. Morgan, one of the initial purchasers, in a private offering of $450 million senior secured notes due in 2029 by Blackstone Mortgage Trust, Inc. Blackstone Mortgage Trust is a leading real estate finance company specializing in originating senior loans aimed at commercial real estate across North America, Europe, and Australia. This venture comes under the external management of a Blackstone Inc. subsidiary. The advisory team was led by Paul Hastings partners Yariv Katz and David Barash, with significant contributions from counsel and associates. The firm is renowned for its superior expertise in finance, M&A, PE, restructuring, among other areas, serving high-profile investment banks, asset managers, and corporations globally.
Sectors
- Real Estate Finance
- Private Equity
- Legal Services
Geography
- United States – Blackstone Mortgage Trust, Inc. is based in the US and J.P. Morgan is a major US investment bank.
- Global – Blackstone Mortgage Trust operates in North America, Europe, and Australia, suggesting a global reach in the transactions.
Industry
- Real Estate Finance – The article focuses on Blackstone Mortgage Trust, which specializes in originating senior loans collateralized by commercial real estate.
- Private Equity – Blackstone Inc., a major private equity firm, owns the subsidiary that manages Blackstone Mortgage Trust.
- Legal Services – Paul Hastings LLP, a prominent law firm, provides advisory services for complex financial transactions.
Financials
- $450 million – The amount involved in the offering of senior secured notes by Blackstone Mortgage Trust.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm with expertise in finance, M&A, PE, and other areas, providing services for investment banks and corporations. |
| J.P. Morgan | Initial Purchaser | Company | An American multinational investment bank and financial services company, representing the initial purchasers. |
| Blackstone Mortgage Trust, Inc. | Issuer | Company | A real estate finance company that originates senior loans collateralized by commercial real estate. |
| Blackstone Inc. | Parent Company | Company | A leading private equity firm managing Blackstone Mortgage Trust through its subsidiary. |
| Yariv Katz | Partner at Paul Hastings | Person | One of the leading partners in the Paul Hastings legal advisory team. |
| David Barash | Partner at Paul Hastings | Person | Another partner leading the team at Paul Hastings for this transaction. |