Taurus 2019-1 FR DAC’s €247.2 Million CMBS Issuance


Mayer Brown has advised Bank of America Merrill Lynch (BAML) on the European CMBS.

The underlying loan was extended to Colony Capital, the global real estate and investment management firm, by BAML in November 2018 and was secured against a portfolio of 206 commercial properties located in France.

The issuer, Taurus 2019-1 FR DAC, issued €247.2 million commercial mortgage-backed notes on 11 April 2019 and used the funds to purchase the loan from BAML.

Taurus 2019-1 FR Designated Activity Company operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

The Mayer Brown team was led by David O’Connor and included Banking & Finance partner François-Régis Gonon (Picture) and associates Eoin Hamill and Jomar Vargas; and Tax Transactions & Consulting partner Ben Fryer and senior associate Kitty Swanson.

Involved fees earner: Ben Fryer – Mayer & Brown; François-Régis Gonon – Mayer & Brown; Eoin Hamill – Mayer & Brown; David O’Connor – Mayer & Brown; Kitty Swanson – Mayer & Brown; Jomar Vargas – Mayer & Brown;

Law Firms: Mayer & Brown;

Clients: Bank of America Merrill Lynch;