Restructuring & Refinancing |
Davy Property has been successful at stabilising distressed portfolios through strengthening the asset and capital structure, repositioning distressed assets and raising additional funding. More recently we have been involved in preparing Business and Refinancing Plans with developers for submission to the National Asset Management Agency (NAMA).
European Mixed-Use Refinancing
In May 2010 Davy sourced €50m of funding to enable the refinancing of senior debt and providing additional funding for company activities. This transaction was successfully completed during a period of acute illiquidity in the equity funding markets.
UK Residential Restructuring
In December 2010 Davy restructured the debt and equity interests associated with a large development in London's docklands. This resulted in the recalibration of the debt and equity interests to enable the development to proceed to completion over the coming years.