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FINANCE US INVESTMENT BANK PROVIDES 80% LTV MULTI-TRANCHED LOAN
Citi is lined up to finance Oaktree Capital Management s and Anglesea Capitals ,£280m off-market logistics portfolio purchase.
'The US investment bank has been selected to provide a circa £220m, five-year loan at 300 to 325 basis points over Libor.
The deal reflects a loan-to-value ratio of circa 80%, which is likely to see the debt structured into a junior and senior tranche. Citi might then choose to sell down the...