French CMBS deal to put crisis-era worries behind it
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French CMBS deal to put crisis-era worries behind it

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Arrow CMBS 2018, a new French CMBS sponsored by Blackstone, aims to put the pre-crisis problems of the French market, exemplified by the drawn-out litigation over Lehman’s Coeur Defense deal, behind it, using a “double Luxco” structure to reassure investors that they will be able to enforce security.

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