Blackstone's Kereby portfolio including 154 assets located in central Copenhagen has won a DKK 6.8 bn (€910 mln) refinancing.
Catella Corporate Finance, which advised the lending syndicate, said that a part of the refinancing is DKK 1.5 Bn 5-year holding company debt facility subordinated to a senior mortgage financing facility funded by two major Danish mortgage institutions.
The holding company debt facility was provided by a club consisting of Macquarie Capital and Viga RE Management.
'Advising on complex capital structures for investors and owners, including long-term debt and equity solutions, has become increasingly important. We were delighted to support Kereby and look forward to continuing to broaden Catella’s debt advisory activities and bespoke capital solutions for our clients,' said Jesper Bo Hansen, managing director at Catella Corporate Finance Denmark.
'We are proud of taking part in this Kereby refinancing process. It has been a great pleasure working with Viga, Blackstone, Macquarie Capital, and all the leading institutions involved. The Kereby transaction is a good example of how Catella takes advantage of its long experience and deep knowledge within international debt capital markets to secure well-balanced solutions for investors and financing providers through any business cycle. We congratulate all the parties involved in the deal,' added Gustav Bjørn, head of Catella Debt Advisory Denmark.
