Global law firm White & Case LLP has advised a bank consortium consisting of J.P. Morgan, BNP Paribas and Deutsche Bank on the refinancing of Peach Property Group, a real estate investor with an investment focus on residential rental properties in Germany.
The credit line with a total volume of €100 million serves to strengthen the financial flexibility of Peach Property Group and enable the more efficient management of the Group's liquidity. The new facility replaces previous loans and reduces existing corporate bonds before maturity.
The White & Case team in Frankfurt which advised on the transaction was led by counsel Sascha H. Schmidt and partner Thomas Flatten and included counsel Alexander Born and associate Laurent Hoff.
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