Tag Archives: LLoyds Banking Group

British Land secures £290m RCF from seven banks and counting

Posted on May 14, 2013 3:12 pm by

British Land has secured a £290m revolving credit facility (RCF) from a consortium of seven international banks, as part of a wider debt raising strategy which has seen the UK’s second largest REIT raise as much as £2.8bn over the … Continue reading →

Gallery | Tagged , , , , , , | Leave a comment

Lloyds confirms Project Thames sale to Cerberus at £325m

Posted on May 10, 2013 1:03 pm by
LBG logo for web

This gallery contains 1 photo.

Lloyds Banking Group signed contracts with Cerberus Capital Management over the sale of the UK real estate loan portfolio, Project Thames, in the early hours of the morning ahead of a stock market announcement confirming the sale at £325m. In … Continue reading →

Gallery | Tagged , , , | Leave a comment

Cerberus to pay £315m for Project Thames NPL financed by Nomura

Posted on May 9, 2013 3:05 pm by
Cerberus logo

This gallery contains 1 photo.

Cerberus Capital Management has won its first European non-performing loan portfolio (NPL) from Lloyds Banking Group, after emerging as the highest bidder on Tuesday for the bank’s Project Thames portfolio, paying around £315m which will be financed by Nomura. Competition … Continue reading →

Gallery | Tagged , , , , , , , , , | Leave a comment

Savoy Hotel restructured with £458m from Crédit Agricole, DekaBank and Lloyds’ Prestonfield

Posted on April 30, 2013 4:11 pm by

Prince Alwaleed bin Talal of Saudi Arabia and Lloyds Banking Group have closed the refinancing of The Savoy Hotel on the Strand with a £200m senior facility split equally by Crédit Agricole and DekaBank, as part of a wider five-year £458m … Continue reading →

Gallery | Tagged , , , , , , , | Leave a comment

Lloyds sheds £2bn UK CRE in Q1 reducing net global loan book to £50bn

Posted on April 30, 2013 3:58 pm by
LBG logo for web

This gallery contains 1 photo.

Lloyds Banking Group reduced non-core UK commercial real estate loans by £2bn in the first three months of this year, taking the partly nationalised bank’s remaining legacy property debt to rundown at just £10.4bn. In Lloyds first quarter results published … Continue reading →

Gallery | Tagged | Leave a comment

Adviser sought to sell Menzies hotels to repay matured Lloyds debt

Posted on April 22, 2013 3:37 pm by
LBG logo for web

This gallery contains 1 photo.

Cordial Hotels, the company which owns the UK Menzies hotel chain, is to appoint an adviser to sell the 15 three- and four-star Menzies hotels, after the restructured £165m senior debt facility with Lloyds Banking Group matured at the turn … Continue reading →

Gallery | Tagged , , | Leave a comment

De Vere instructs Lazards to sell £300m venue division to repay Lloyds debt

Posted on April 16, 2013 11:59 am by
De Vere Venues logos

This gallery contains 1 photo.

De Vere Group has instructed Lazards to sell its 30-strong nationwide venue and conference division for between £280m and £300m, with all the proceeds to be used to pay down Britain’s largest operator of conference and training centres’ £1.1bn debt … Continue reading →

Gallery | Tagged , , , | Leave a comment

Credit Suisse funds Apollo’s Project Lane with €90m property loan today

Posted on April 12, 2013 1:30 pm by
Credit Suisse logo

This gallery contains 1 photo.

Credit Suisse has today funded a three-year €90m property loan to finance Apollo Global Management’s Project Lane Irish loan portfolio from Lloyds Banking Group, CoStar News can reveal. Risali Limited, the special purpose vehicle established by Apollo to buy Project … Continue reading →

Gallery | Tagged , , , , | Leave a comment