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Savoy Hotel restructured with £458m from Crédit Agricole, DekaBank and Lloyds’ Prestonfield

Prince Alwaleed bin Talal of Saudi Arabia and Lloyds Banking Group have closed the refinancing of The Savoy Hotel on the Strand with a £200m senior facility split equally by Crédit Agricole and DekaBank, as part of a wider five-year £458m debt and equity restructuring.
By James Wallace
April 30, 2013 | 8:05 P.M.

Breezeroad, which owns the 124-year old Savoy Hotel, has replaced a four-tranche £220.8m legacy Bank of Scotland senior loan as well as four additional mezzanine and equity positions, together worth £228.4m, with a five-year £100m senior loan from both Crédit Agricole and DekaBank and fresh mortgage-secured mezzanine-like loans.

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News | Savoy Hotel restructured with £458m from Crédit Agricole, DekaBank and Lloyds’ Prestonfield