New York: Leading international law firm Clifford Chance advised Chimera Investment Corporation (Chimera), a publicly traded Real Estate Investment Trust (REIT), as borrower on its US$400 million secured loan led by funds managed by the Alternative Credit Strategy at Ares Management Corporation.

The matter was led by partner Lee Askenazi, supported by partner Alistair Dunlop and associates Kevin Fernandez and Thomas Kearney, with partner James Gouwar advising on tax, and partner Paul Koppel and associate Atul Jain advising on ERISA.

Askenazi offered, “We’re delighted to support our long-standing client Chimera on this complex matter which enhances their liquidity and positions them to pursue opportunities in what we’re observing as an ever-changing market.”