Ashton Woods’s $350 Million Notes Offering

Simpson Thacher advised Ashton Woods USA L.L.C. and Ashton Woods Finance Co., while Cahill represented the initial purchasers in the offering.

Ashton Woods USA L.L.C. (“Ashton Woods”) and Ashton Woods Finance Co. executed their offering of $350 million aggregate principal amount of 4.625% Senior Notes due 2029 in reliance on Rule 144A and Regulation S. The Issuers intend to use the net proceeds of the offering to redeem their outstanding 6.75% Senior Notes due 2025 and for working capital and general corporate purposes.

Ashton Woods is one of the nation’s largest private homebuilding companies.

The Simpson Thacher team included Marisa Stavenas (Picture), Roxane Reardon, Ben Heriaud and Pia Figuerola (Capital Markets); Drew Purcell and Nicole Humphrey (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Corina McIntyre (Intellectual Property); Tim Gallagher (Real Estate); and Adeeb Fadil (Environmental).

The Cahill team included Douglas S. Horowitz, Jana L. Douglas, Matthew Flores and Joshua D. Goldberg.

Involved fees earner: Adeeb Fadil – Simpson Thacher & Bartlett; Pia Figuerola – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett; Marisa Stavenas – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Ashton Woods;

Author: Martina Bellini