Refinancing

Debt providers can take steps to navigate complex situations in this challenging market, comments Ali Khaki, insolvency practitioner with FTI Consulting.

The Central Bank of Ireland’s latest review foresees continued price declines testing loan-to-value covenants.

The transaction, on which JLL advised, was completed at a time when banks increasingly scrutinise office loans.

The listed company, which owns UK assets including popular theme parks, addressed near-term maturities in a bumper refinancing.

The sector is vulnerable to rising interest rates due to low debt yields and cashflow constraints, says the credit rating agency.

The US manager has sourced debt including €310m of mezzanine for 15 hotels.

The firm will aim to raise €250m for the vehicle, Albulus Credit II, with a focus on refinancing maturing loans in Germany and Austria.

Two of the biggest names in private real estate were engaged in conversations with their lenders about loans that are now due.

In an update to its refinancing shortfall analysis, the manager warns the potential gap is far larger than originally anticipated.