Northwood wins bid for junior loan in Irish Opera CMBS

Northwood has beaten off competition from Cheney, Kennedy Wilson, Texas Pacific Group and other bidders to acquire the junior loan in Eurohypo’s Opera Finance CMH, a CMBS backed by Irish real estate. The purchase gives the company a say in any debt restructuring plans.

  • 09 Jan 2013

The investment firm acquired the €85m loan, which secures a €270m portfolio of Irish real estate, from Ireland’s National Asset Management Agency. NAMA took the loan from Treasury Holdings, the underlying borrower, in 2010.

The original €420m loan provided by Eurohypo, which was securitised as Opera Finance CMH, ...

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1 Citi 7,029 20 10.95
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3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

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4 Citi 55,051.46 160 9.40%
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