Colony NorthStar registers lender commitments, bridge loan for merger

By Susanna Moon

Chicago, July 29 – Colony NorthStar, Inc. filed information for financing commitments related to a planned merger in an S-4 filing with the Securities and Exchange Commission.

NorthStar Asset Management Group Inc., Colony Capital, Inc. and NorthStar Realty Finance Corp. entered into a merger agreement on June 2.

Colony has obtained financing commitments to refinance some debt and to help fund the merger.

The company entered into a commitment letter on June 2 with JPMorgan Chase Bank, NA, Bank of America, NA, Barclays Bank plc, Credit Suisse AG, Cayman Islands Branch, Credit Suisse Securities (USA) LLC, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank AG, New York Branch, Deutsche Bank Securities Inc., Morgan Stanley Senior Funding, Inc., UBS Securities LLC and UBS AG, Stamford Branch.

Colony also is seeking a $400 million 364-day bridge loan facility under a proposed amendment to its senior secured revolving credit facility with JPMorgan Chase Bank, NA as administrative agent.

The commitments under the letter will terminate on the earliest of the merger termination date; the deal closing without use of the bridge facility; and March 17, 2017.

Colony is a real estate investment trust is based in Los Angeles. NorthStar is a New York-based asset management firm focused on managing real estate investment platforms.

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