More noteholder-led deals to follow Debussy CMBS

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More noteholder-led deals to follow Debussy CMBS

The investor-led arranging of Debussy DTC CMBS, a securitization backed by a Toys R US portfolio of 31 UK warehouses and stores, is a model that increasingly proactive bondholders are using to gain exposure to commercial real estate debt under bespoke terms, according to Graham Penn, partner at Sidley Austin.

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