Recapitalizing a Real Estate Company When Real Estate is Out of Favor – A Case Study

  • August 18, 1994
  • • Written by: Christopher J. Whyman

August 1994, Vol 19, No 2

Abstract: The author recounts what was involved in refinancing a wholly owned United States real estate subsidiary of a United Kingdom pension fund at a time when investment funds were at low ebb in the U.S. Included are detailed listings of primary debt market alternatives which were considered relative to the need for a guarantee and indicative cost comparisons across markets.