Merrill Leads U.K. Holiday Village CMBS

22 May 2007

Merrill Lynch is lead-managing and arranging a £750 million ($1.47 billion) commercial mortgage-backed securitization that helps refinance the acquisition of four CenterParcs holiday villages in the U.K. by the Blackstone Group.

—Hugh Leask

Merrill Lynch is lead-managing and arranging a £750 million ($1.47 billion) commercial mortgage-backed securitization that helps refinance the acquisition of four CenterParcs holiday villages in the U.K. by the Blackstone Group.

The transaction has an A/B note structure, and while Blackstone’s buyout used a senior whole loan with ...

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