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2023-11-03 12:35 CET, Denmark | Corporate Finance | Press release

Catella acted as advisor in the refinancing of Kereby in Denmark

Catella Corporate Finance Denmark has advised a syndicate of lenders, in the structuring and arrangement of a DKK 1.5 Bn 5-year holding company debt facility for Kereby, a Blackstone portfolio company.

The facility is subordinated to a senior mortgage financing facility funded by two leading Danish mortgage institutions. The holding company debt facility was provided by a club consisting of Macquarie Capital, and Viga RE Management. Together this formed part of a broader DKK 6.8 bn refinancing of the Kereby portfolio, including 154 assets located in central Copenhagen.
“Advising on complex capital structures for investors and owners, including long-term debt and equity solutions, has become increasingly important. We were delighted to support Kereby and look forward to continuing to broaden Catella’s debt advisory activities and bespoke capital solutions for our clients”, said Jesper Bo Hansen, Managing Director at Catella Corporate Finance Denmark.

“We are proud of taking part in this Kereby refinancing process. It has been a great pleasure working with Viga, Blackstone, Macquarie Capital, and all the leading institutions involved. The Kereby transaction is a good example of how Catella takes advantage of its long experience and deep knowledge within international debt capital markets to secure well-balanced solutions for investors and financing providers through any business cycle. We congratulate all the parties involved in the deal”, said Gustav Bjørn, Head of Catella Debt Advisory Denmark.

“With this complex transaction, the Danish team showcases Catella’s position as a trusted and leading advisor in providing high-quality debt advisory services and advanced solutions in the Nordics, helping our clients navigate through a challenging market environment”, comments Christoffer Abramson, CEO and President Catella Group.