Hansteen refinances German real estate portfolio through two loan facilities with aggregate €343 million value
Clients Hansteen Holdings PLC
Jones Day advised Hansteen Holdings PLC, a European industrial REIT, in connection with the refinancing of its German real estate portfolio through two loan facilities in the aggregate loan amount of €343 million (US$472 million).
The Company’s UniCredit loan has been refinanced with a €235 million five-year facility provided by a consortium of lenders including Landesbank Hessen-Thüringen Girozentrale (Helaba), Natixis Pfandbriefbank AG, SEB AG and various entities managed or advised by AXA REIM SGP.
The second loan from Lloyds Banking Group has been refinanced with a €108 million five-year facility from HSBC plc.
Both transactions were conducted concurrently by cross-border legal teams and were completed within one week of each other.