BAML out with new Italian CMBS
Bank of America Merrill Lynch is bringing a €300m Italian CMBS, with TPG Sixth Street Partners as sponsor. The deal comprises four loans backed by 648 mixed-use assets located throughout Italy originated by Zodiac Holdings and Nucleus Investments.
The properties are primarily used for telephone exchanges, but the CMBS also includes office buildings and warehouses. The appraised value of the buildings is €740.1m, and the primary lessees are Telecom Italia and Enel Italia.The deal includes three tranches, including a class ‘A’ senior tranche with ...
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