Paul Hastings Represents Crystal River Capital, Inc. in Connection with IPO
Capital Raised from IPO and Related 144A Offering Totals Nearly $600 Million
New York, NY (August 3, 2006) - Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, represented Crystal River Capital, Inc., a specialty finance company, in connection with its underwritten initial public offering of common stock. Under the agreement, a total of 7.5 million shares were sold at $23 per share. The IPO closed on August 2, 2006 and is valued at $162.4 million.
The Paul Hastings team was led by New York partners Michael Rosella and Michael Zuppone and included partner Joseph Opich, counsel Wendell Faria and associates Jon Tyras, Yariv Katz, Amy Rosenberg and Sirimal Mukerjee.
The Paul Hastings team previously represented Crystal River in connection with its 2005 $435.0 million Rule 144A private offering of common stock to private investors.
About Crystal River Capital, Inc.: Specialty finance company Crystal River invests primarily in residential mortgage-backed securities, commercial mortgage-backed securities, whole mortgage loans, bridge loans, junior interests in mortgage loans known as B Notes, mezzanine loans and other real estate-related assets.
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