Team closes $1.7b loan facility.Kaye Scholer Kaye Scholer is a law firm founded in 1917 by Benjamin Kaye and Jacob Scholer. The firm has more than 500 attorneys in eight offices located in the cities of Chicago, Frankfurt, London, Los Angeles, New York (headquarters), Shanghai, Washington, D.C., and West Palm Beach. , representing Greenwich Capital (as lead lender), UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Wachovia, Barclays and Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , closed a $1.7 billion mortgage and mezzanine loan facility to the consortium of borrowers including Cerberus, Lubert-Adler, Shottenstein and Kimco who acquired the stock of Albertson's, the national supermarket chain. The loan was secured by mortgages on approximately 735 supermarket properties across 12 states. The closing occurred in conjunction with the $17 billion leveraged buy-out of Albertson's by Supervalu, now the third largest supermarket operator in the U.S. The collateral for the real estate financing consisted of Alberstson's real estate assets not acquired by Supervalu. The Kaye Scholer Real Estate Department team was led by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of partners Steve Gliatta, Louis J. Halt and Jeannie Bionda |
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