Sunday, December 17, 2006

CVS Completes Largest Retail Sale Leaseback in US History

Mintz Levin Web Site - December 14, 2006

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., a full-service, 450-lawyer AmLaw 100 firm with offices throughout the U.S. and in the U.K., announced that it represented CVS Corporation, the nation's largest pharmacy chain, in an historic $1.3 billion sale leaseback transaction - the largest retail sale leaseback deal in U.S. history. The transaction, which involved 340 owned or ground leased pharmacy properties located in 29 states, was financed through a 144A securities offering underwritten by five investment banks led by Lehman Brothers. Sphere: Related Content

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