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Fund investor provides credit support in connection with $35 million parallel Subscription Facility obtained by Lone Star Real Estate Fund II

April 2012

Client(s) Sovereign wealth fund investor

Jones Day represented a real estate investment company as sole "included investor" and provided credit support in connection with a $35,000,000 parallel Subscription Facility for Lone Star Real Estate Fund II. Because of its relationship with the lender (United Overseas Bank), the client was able to obtain a lower interest rate than would otherwise have been available, and earned a guaranty fee equal to the difference, over the term of the facility, between the lower rate available to the client and the higher rate being charged to the fund.

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