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News Jan 09, 2014

Shearman & Sterling Advises on Revolving Credit Facility for Brookfield Office Properties

Shearman & Sterling represented Deutsche Bank AG New York Branch, as administrative agent, and Deutsche Bank Securities Inc., as joint lead arranger and joint book-running manager, in the consummation of a US$1 billion multi-currency unsecured revolving credit facility for Brookfield Office Properties (trading symbol: TSX-BPO) and certain of its US and Canadian subsidiaries.

Brookfield Office Properties owns, develops and manages premier office properties in the US, Canada, Australia and the United Kingdom. Its portfolio is comprised of interests in 114 properties totaling 85 million square feet in the downtown cores of New York, Washington, Houston, Los Angeles, Denver, Seattle, San Francisco, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth.

The Shearman & Sterling team included partner Malcolm Montgomery (New York-Real Estate), counsel Paul Balaam (London-Real Estate), and associates Elizabeth Martialay (New York-Real Estate) and Monica Li (New York-Corporate).

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