Deutsche Pfandbriefbank AG’s €432million term loan to partially refinance the debt of OFFICEFIRST Immobilien AG & Co. KG

Goodwin Frankfurt represented Deutsche Pfandbriefbank AG as facility agent and security agent leading a consortium of lenders, including Landesbank Hessen-Thüringen, in connection with a €432million term loan to partially refinance the debt of OFFICEFIRST Immobilien AG & Co. KG (OFFICEFIRST), a subsidiary of IVG Immobilien AG.

The term loan is a key element of the whole refinancing of OFFICEFIRST and a vital part supporting IVG’s disposal of OFFICEFIRST.

For this transaction, the cross-border team was led by partner Dr. Stephan Kock (Picture) and included associates Andreas Mallin, Tobias Rodrian, Dimitar Morfov and paralegal Helena Velimirovic, working together with UK Real Estate Finance partner Paul Lyons and associate Colin Baker. Frankfurt partners Marc Bohne and Lars Jessen and associates Sonja Beier, Martin Prokoph and Felix Krueger also advised on the transaction.

Deutsche Pfandbriefbank is a leading European commercial real estate and public investment lender. It is the largest issuer of Pfandbriefe and an important issuer of covered bonds in Europe. Deutsche Pfandbriefbank AG is listed on the Frankfurt Stock Exchange.

Involved fees earner: Stephan Kock – Goodwin Procter; Andreas Mallin – Goodwin Procter; Ralph-Tobias Rodrian – Goodwin Procter; Dimitar Morfov – Goodwin Procter; Paul Lyons – Goodwin Procter; Colin Baker – Goodwin Procter; Marc Bohne – Goodwin Procter; Sonja Beier – Goodwin Procter; Lars Jessen – Goodwin Procter; Martin Prokoph – Goodwin Procter; Felix Krueger – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Deutsche Pfandbriefbank AG;