Mintz Levin Advises CVS Corporation in Largest Retail Sale Leaseback in US History

Business Wire, Dec 14, 2006

BOSTON -- 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 (NYSE: CVS), 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.

The Mintz Levin team of attorneys representing CVS in the transaction was led by the following Members of the firm: environmental law attorney Susan Phillips; real estate law attorney Joel Bloom; business and finance attorney Dennis Greene; and Andrew Urban, the firm's co-managing Member and the CVS relationship manager.

Mintz Levin is an AmLaw 100 law firm with offices in the US and the UK. The firm has exceptional depth in a broad range of practice areas, but our clients recognize that what sets us apart from other law firms is our industry focus. By truly understanding business drivers and industry trends, we are able to provide our clients with more than just legal advice. We provide legal solutions to our clients' business issues. Since 1933, our lawyers have represented entrepreneurs, emerging growth companies, government agencies, and leaders in primary industries that include Life Sciences/Biotechnology; Technology & Communications; Financial Services & Insurance; Healthcare; Real Estate, Hospitality & Construction; and Retail & Consumer Products. Our practical knowledge combined with our industry expertise enables us to provide our clients with enterprise legal advice that gives their business a competitive advantage in the marketplace. For detailed information on the firm we invite you to visit www.mintz.com.