Nachrichten May 03, 2016

Shearman & Sterling Advises on General Growth Properties’ Portfolio Financing

Shearman & Sterling advised U.S. Bank National Association, as administrative agent and joint lead arranger, in connection with a $1.4 billion term loan to affiliates of General Growth Properties, Inc. secured by 15 shopping malls located in 14 states. The term loan is secured by all of the assets of the mall-owning subsidiary borrowers and benefits from certain guarantees from General Growth Properties, Inc. and some of its other subsidiaries. General Growth Properties is a publicly traded REIT listed on the New York Stock Exchange under the symbol GGP. It focuses exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States.

The Team



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