Tag Archives: Standard & Poor’s

Grainger secures £150m facility from HSBC and Santander as S&P’s raises bond rating to investment grade

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Grainger, the UK’s largest listed residential landlord, has refinanced a portfolio of around 1,200 high end residential units, predominantly in central London, with a fresh five-year £150m term loan by its existing relationship banks, HSBC and Santander. The new £150m … Continue reading

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Fitch Ratings interjects on Mint 2015 CMBS questioning S&P and DBRS’ ratings

Fitch Ratings has interjected in the ongoing sale of the Mint 2015 securitisation debt, issued by JPMorgan which is secured by three rebranded Hilton hotels, with an unsolicited press release issued on Friday afternoon challenging the ratings rationale concluded by … Continue reading

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JPMorgan launches multi-jurisdictional Blackstone Mint CMBS

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JPMorgan has launched the refinancing of Blackstone’s reduced Mint hotel portfolio, in the investment bank’s return to European CMBS and also the first post-crisis multi-jurisdictional, dual-currency securitisation, in the three-year Mint 2015 PLC transaction. Mint 2015 PLC is comprised of … Continue reading

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DB issues €175m HARP CMBS backed by Kennedy Wilson, Comer Group and Paddy McKillen & Johnny Ronan multi-family

Deutsche Bank has issued the seven-year €174.98m Irish commercial mortgage-backed securitisation, secured by predominantly Dublin multi-family residential assets owned by Kennedy Wilson, the Comer Group and Paddy McKillen and Johnny Ronan. The new issuance, named DECO 2015-HARP, is the first CMBS in … Continue reading

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Chalkhill Partners prices £107m secured bond for Avenue Capital affiliates

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Chalkhill Partners, the boutique investment bank, has priced a £107.26m five-year secured floating rate bond financing affiliates of Avenue Capital Group’s on its acquisition of four UK student accommodation blocks. The £107.26m bond, issued through AYR Issuer S.A., has a … Continue reading

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Deutsche Annington signs €2.5bn JPM and MS bridge loan ahead of BBB corporate bond

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Deutsche Annington has agreed a €2.5bn unsecured bridge loan with JP Morgan and Morgan Stanley to fully repay the outstanding GRAND CMBS loan balance by October, ahead of a likely smaller BBB-rated corporate bond issuance to facilitate a broader group-wide … Continue reading

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