Cases and Deals

Blank Rome Represents CTL Capital LLC in Placement of Mortgage Loan to Finance New Charter Communications Headquarters

A Blank Rome team successfully represented CTL Capital LLC in the structuring and placement of a $343,350,000 mortgage loan to an affiliate of Building and Land Technology LLC, to finance the construction of new corporate headquarters in Stamford, CT, for Charter Communications, Inc., the third-largest video service provider in the United States. The transaction closed on July 16, 2018.

To obtain optimal pricing for the loan, the borrower arranged for Charter Communications to guarantee repayment of the loan and to provide the same security for its loan guarantee as was provided to the bondholders of its public debt (a lien on substantially all of Charter’s assets). The transaction was sold by CTL Capital to several institutional investors in a private placement.