Latest news
Latest news
JPM sticks to full-year forecast for now but refi conditions not so attractive and new loans get more expensive
Office drives surge in CMBS conduit delinquencies as borrowers adapt
GSE brings both small and large balance trades with only one other CMBS deal marketing
More articles
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Hurricane Energy’s restructuring plan has been thrown out by the High Court, in a victory for shareholders led by activist fund Crystal Amber, which are now poised to replace the board of the troubled oil drilling firm. The judgement underlines the care with which companies must exercise when seeking to use the new ‘cross-class cramdown’ features of the UK’s restructuring law. -
Morgan Stanley is refinancing a loan secured on the Aldgate Tower in London, which hosts Uber and nine other tenants, marking the first time the market has tested investor appetite for London office-backed CMBS since the Covid-19 outbreak.
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Sub-Saharan Africa's Ghana has secured a €280m social loan from commercial lenders and credit agencies. The loan, the kind of which has not been seen in Africa, will support the development of the country's transport infrastructure.
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ABS lawyers are asking issuers to resist taking advantage of a legal loophole left via a regulatory quirk, where a number of CLO and CMBS deals are technically exempt from switching data over to the securitization repositories approved by the European Securities and Markets Authority (ESMA) on Friday.
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Blackstone has mandated Barclays and Goldman Sachs as co-arrangers for its Last Mile Logistics Pan Euro Finance CMBS, a €495m deal.
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After the worst year ever for UK retail, plunging valuations and landlord implosions, Brookfield is testing the capital markets’ appetite for a bet on the sector’s recovery, launching a CMBS deal backed by nine UK retail parks. The launch came on the same day that the UK government announced that landlords would be banned from evicting non-paying tenants for a further nine months. Owen Sanderson reports.
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Goldman Sachs announced this week that is is refinancing a portfolio of Dutch office, hotel and retail outlets through a €220m CMBS called Bruegel 2021. The transaction is added to the growing pile of CMBS as investor confidence grows in assets impacted by the pandemic last year.
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The UK is reforming its treatment of special purpose vehicles in an attempt to make itself appear more business-friendly. However, in its attempts to open up the asset class, regulators could inadvertently tie up the market in red tape, as shown by its recent consultation over the possibility of including shares in ABS collateral.
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