Alantra advises a global alternative asset manager on the refinancing of a €135M hospitality Portfolio of NPL & REOs

Feb 2023

Funding and Structured Finance

Madrid – Alantra is pleased to announce it has advised a global alternative asset manager with more than $500bn AUMs on the arrangement of a Portfolio refinancing backed by hospitality Secured Non-performing Loans and REOs, with a Face Value of c. €135M. The transaction took place in Q4 2022.

This transaction represents a ground-breaking achievement in the Portfolio space and a key milestone for both the client and Alantra. Alantra consolidates its position as an innovator and a global leader in Credit Portfolio Advisory.

José Molina Machuca, Director at Alantra, commented: “Our team has strong expertise across debt structuring, securitisations and credit sales, in addition to local market knowledge and international reach, which have been key drivers in the successful delivery of this transaction. We expect an increase of the activity in this space in Spain and other European markets in the near future. The transaction strengthens our position in a wide variety of solutions aimed at maximizing the value of the portfolios, as we can independently assist our clients to optimize the returns of their existing books.”

The team advising the client was comprised of Joel Grau Blasi, Félix Rivera, Fabrizio Sicilia, José Molina Machuca, Carla Sáenz and Rodrigo Magán.