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Safra refinances One Plantation Place with new £273 million loan arranged by Prudential Insurance Company of America and Pacific Life

July 2013

Client(s) One Plantation Place Unit Trust

Jones Day advised One Plantation Place Unit Trust (OPPUT), the owner of Plantation Place and one of the largest office buildings in the City of London, in connection with the refinancing of OPPUT's existing £418 million senior debt, which was securitized in REC 5, and the refinancing of its £25 million junior loan originally provided by Lloyds. The new £273 million in debt was provided jointly by Pricoa Mortgage Capital and Pacific Life under a fixed rate 10-year term loan facility.

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