S&C Advises Canyon Partners on $600M PIPE Transaction

May 20, 2020

Canyon Partners structured and led a $600 million private investment in public equity (PIPE) for New Residential Investment Corp., a publicly traded mortgage real estate investment trust. This capital raise marks the first large PIPE transaction in the financial services sector since the outbreak of the COVID-19 pandemic.
The S&C team advising Canyon Partners was led by Firm Chair Joe Shenker and corporate partners Ari Blaut and Bob Downes.