Merrill Leads U.K. Holiday Village CMBS

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.

  • 22 May 2007

—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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

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1 Citi 57,366.84 164 11.60%
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3 JPMorgan 39,180.32 110 7.92%
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