Tag Archives: IVG Immobilien

BAML issues initial pricing guidance for €445m ‘The Squaire’ CMBS

Bank of America Merrill Lynch has issued initial pricing guidance for its the €445m five-year TAURUS 2015-2 DEU CMBS, the securitisation of a loan secured by IVG Immobilien’s The Squaire at Frankfurt airport. The capital structure is as follows:   … Continue reading

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BAML launches €445m ‘The Squaire’ CMBS (updated)

Bank of America Merrill Lynch has launched the €445m five-year TAURUS 2015-2 DEU CMBS, the securitisation of a loan secured by IVG Immobilien’s The Squaire at Frankfurt airport. The capital structure is as follows:             … Continue reading

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Deutsche Bank issues pricing guidance for the IVG ‘BONN’ CMBS

Deutsche Bank has just issued initial pricing guidance for the securitisation of the €679.9m loan secured by a portfolio of 29 German offices owned by IVG Immobilien. Initial pricing guidance for the six-tranche DECO 2014 BONN CMBS is as follows: … Continue reading

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Creditors reject IVG’s €2.1bn debt-for-equity swap proposal

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IVG Immobilien is to file an application with the Bonn District Court for protection against its creditors, including a raft of private equity and hedge funds, and proceed with a court-supervised restructuring after a €2.1bn debt-for-equity swap vote last night … Continue reading

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Private equity funds to vote imminently on IVG’s debt-for-equity swap

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A huge consortium of private equity funds, hedge funds and debt investors will vote on IVG Immobilien’s €2.1bn debt-for-equity swap proposals within the next 48 hours, with an outcome possibly as early tomorrow morning. Cerberus Capital Management, Varde Partners, Apollo … Continue reading

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Inside IVG’s €2.1bn debt-for-equity swap and shareholder ‘cramdown’

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IVG Immobilien, the beleaguered German property group, has outlined preliminary terms for a debt-for-equity swap with €2.1bn of creditors which will ‘cramdown’ existing shareholders and virtually wipe out the €400m hybrid bondholders, in a last-ditch effort to stave off bankruptcy.  … Continue reading

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IVG takes currency hit on five-bank Gherkin loan

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IVG Immobilien, the joint venture partner of the Gherkin office tower, needs to raise up to £75m in fresh equity from investors to plug a currency liability in the Swiss franc loan securing the City of London trophy, driven by … Continue reading

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