LeBruin is pleased to announce that it has raised a €73m debt finance package to fully fund the acquisition of c. €140m nominal debt from a foreign bank deleveraging in Ireland. The loans were secured on a portfolio of high quality real estate in Dublin, alongside one asset which was acquired for redevelopment.
The portfolio involved is currently producing income of c. €8m per annum from a high quality mix of tenants including Government bodies, Irish Financial Institutions, PLCs and some local covenants. The new finance was provided for a period of 5 years, thereby allowing the sponsors to maximise the value over that period, whilst maintaining 100% control of their portfolio.
Commenting on the transaction, Tom Browne, Managing Director of LeBruin stated “Our ability to raise a debt finance package of this value demonstrates our expertise and connections in sourcing funding for our clients, and highlights LeBruin’s growing presence as a significant player in the corporate finance market in Ireland”.
LeBruin Private Limited (“LeBruin”) is a leading Corporate Finance and Debt Advisory firm based in Dublin, Ireland. LeBruin has a track record in delivering for clients in the areas of Debt Management, Debt Restructuring and Funding.
Independent and working only for its clients, LeBruin facilitates debt restructuring arrangements with NAMA, the banks and other creditors. LeBruin also specialises in matching clients with new sources of funding, delivering effective solutions in the form of senior debt and equity finance across a range of business sectors. LeBruin has established strong relationships with both traditional and non-traditional lenders in Ireland, the UK and USA. In addition, LeBruin has worked with a number of equity funds who have a keen appetite to invest in client projects, enabling us to meet our clients’ refinancing requirements.
LeBruin has restructured over €6.5 billion of debt and has raised over €10 billion in new debt and equity for its clients since inception.