Shearman & Sterling represented Citigroup Global Markets, Inc., as lead arranger and administrative agent, in connection with the $1.19 billion bridge financing of the $4.3 billion acquisition by Washington Prime Group Inc. of Glimcher Realty Trust.
Washington Prime Group is a retail REIT that owns and manages 96 shopping centers totaling more than 50 million square feet diversified by size, geography and tenancy. Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of retail properties, including mixed use, open-air and enclosed regional malls as well as outlet centers.
The Shearman & Sterling team included partner Malcolm Montgomery (New York-Real Estate) and associates Eric Felcher (New York-Corporate) and Elizabeth Martialay (New York-Real Estate).