REC 6 Tender Offer Faces Senior Hurdles
Bondholders in the lower end of the capital stack in the troubled Alburn Real Estate Capital (REC) 6 deal would likely green-light the tender offer recently pitched to investors by the issuer, but the decision for those in the senior classes “is less clear cut,” according to commercial real estate analysts in London.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast