Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Mar 07, 2017

Shearman & Sterling Advises on $100 Million Credit Facility for Five Star Senior Living Inc.

Shearman & Sterling represented Citibank, N.A., as administrative agent, in connection with a $100 million senior secured revolving credit facility for Five Star Senior Living Inc. (Nasdaq: FVE). The credit facility is secured by mortgages on 10 senior living communities with a total appraised value of approximately $212 million.

Five Star Senior Living Inc. is a national senior living and healthcare services company that operates 283 senior living communities with 31,830 units across 32 states.

The Shearman & Sterling team was led by partner Malcolm Montgomery (New York-Real Estate) and associates Elizabeth Martialay (New York-Real Estate) and Horton McKinney (New York-Corporate).