Shearman & Sterling represented alstria office REIT-AG, the leading German office Real Estate Investment Trust (REIT), on the successful refinancing of its syndicated loan in the amount of €544 million. The early refinancing significantly improves the overall debt maturity profile of alstria and leads to a substantial reduction in financing charges.
The new loan was arranged by UniCredit Bank AG and underwritten by UniCredit Bank AG, Berlin-Hannoversche Hypothekenbank AG, HSH Nordbank AG and Helaba Landesbank Hessen-Thüringen.
Alstria is a long-standing client of Shearman & Sterling, which advised on its refinancing in 2010 and on its IPO in 2007 as well as its subsequent conversion into the first German REIT.
The Shearman & Sterling team advising alstria office REIT-AG was led by partner Winfried M. Carli and included associates Matthias Weissinger and Andreas Breu (all Frankfurt-Finance).
