International law firm Freshfields Bruckhaus Deringer has advised LRG group in relation to a £585m refinancing of existing debt. It is one of the largest hotel refinancings in Europe for several years.
LRG is a joint venture formed by sovereign wealth fund GIC, wholly-owned by the Government of Singapore, Silverpeak Real Estate Partners (formerly Lehman Brothers Real Estate Partners) and Realstar, one of Canada’s leading privately-owned real estate investment and management companies.

The new senior debt and senior mezzanine facilities, arranged by Deutsche Bank, were secured by a portfolio of more than 60 Intercontinental Hotels Group branded hotels located throughout the United Kingdom.

London banking partner Jeffrey Rubinoff led the Freshfields team supported by finance associate Xin Zhang and real estate senior associate Victoria Hills.

This transaction underlines Freshfields’ in-depth experience in advising clients in the hotels sector and expertise in real estate refinancing. Previous transactions include advising the Royal Bank of Scotland and Bank of Scotland on the refinancing of their £282.5m existing facility provided to the Malmaison hotel chain.

http://www.freshfields.com/en/deals/Freshfields_advises_on_%C2%A3585m_h…