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Clifford Chance Advises BlackRock and Angelo Gordon on $250MM Private Placement for Landsea Homes

July 20, 2023, 07:00 AM
Filed Under: Homebuilding

Clifford Chance has advised funds and accounts managed by BlackRock Financial Management and affiliates thereof and Angelo Gordon in connection with a $250 million note purchase agreement for Landsea Homes Corporation, a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities. The proceeds of the sale of the notes will be used by Landsea for refinancing and general corporate purposes.

Partner Andrew Young led the team that advised on the complex financing transaction.

Young said, " We were thrilled to guide BlackRock and Angelo Gordon in this significant private debt investment, and to be part of this exciting transaction for Landsea. The deal allowed us to showcase our talented multi-disciplinary team of private credit and capital markets specialists.”

In addition to Young, the core financing team included associates Thomas McGowan and Barbara Silva. The wider team included financial markets partner Jason Parsont and associate Kimara Davis and partner Avrohom Gelber.

This transaction continues Clifford Chance's long-standing service to financial investors in private debt transactions, including advising BlackRock and Silver Point in connection with a $350 million term loan facility for InfraBuild.

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