Simpson Thacher Represents Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC as Underwriters in $225 Million Convertible Senior Notes Offering by [...]

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Simpson Thacher Represents Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC as Underwriters in $225 Million Convertible Senior Notes Offering by The Ryland Group, Inc.
May 18, 2012

The Firm recently represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC, as underwriters, in connection with a public offering by The Ryland Group, Inc. ("Ryland") of $225 million aggregate principal amount of its 1.625% Convertible Senior Notes due 2018. The notes are fully and unconditionally guaranteed on an unsecured and unsubordinated basis by substantially all of Ryland's direct and indirect wholly owned homebuilding subsidiaries. The offering closed on May 16, 2012.

Ryland is one of the nation's largest homebuilders and a mortgage-finance company. Having operations in 13 states across the United States, Ryland has built more than 295,000 homes and have provided mortgage financing and related services for more than 245,000 homebuyers.

The Simpson Thacher team for the transaction included Risë Norman, Roxane Reardon, Jonathan Ozner, Brian Price, Joshua Pollick and Fan Wei (Capital Markets); Marcy Geller and Danny Salinas (Tax); and Andrew Pagliughi (Blue Sky).

Lawyers:
• Marcy G. Geller
• Risë B. Norman
• Jonathan Ozner
• Andrew J. Pagliughi
• Joshua R. Pollick
• Brian E. Price
• Roxane F. Reardon
• Danny H. Salinas
• Fan Wei

Related Practice Areas:
• Corporate
• Capital Markets and Securities

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