10 January 2012

Catella Denmark advises in the financial restructuring of Hypo Treuhand Holding AG

Catella Corporate Finance Denmark has advised Hypo Treuhand Holding AG in connection with the financial restructuring of the company’s debt facilities

Due to increased vacancies as a result of tenant bankruptcies, the company was not able to fulfill its financial obligations. Catella advised the company on a restructuring plan, that includes divestment of certain properties and amended loan terms. The restructuring plan was negotiated and finally agreed between the company’s financial creditors consisting of a German seniorbank, a syndicate of Danish juniorbanks and a public bond-issue listed on NASDAQ OMX Copenhagen.

Hypo Treuhand Holding is a Dortmund-based property company with an asset value of approximately EUR 150m. The property portfolio consists of 34 properties located primarily in NRW, Hamburg, Leipzig and Berlin. The size of the portfolio totals 85,000 sq.m.