Eurohypo has today entered into a £340 million (approx. EUR 380 mln.) financing with Telereal Trillium, secured on a portfolio of properties within Telereal Trillium's outsourcing contracts. The facility, arranged and structured by Eurohypo, is provided by a club of banks comprising Eurohypo, Lloyds, Barclays and Santander. It gives operational flexibility to Telereal Trillium to reflect the nature of its underlying contracts, which provide the occupational and property requirements for a number of public and private sector organizations.
This new facility refinances an existing loan, also arranged by Eurohypo, which was assumed as part of the acquisition by Telereal of the Trillium business from Land Securities Group PLC in January 2009.
Eurohypo is the Facility Agent for the transaction.
Graham Edwards, CEO, Telereal Trillium said: "We are very grateful to our banking partners for their support in concluding this transaction considering the challenging economic environment. This transaction assists us in continuing to provide best in class services to our clients."
John Rubbert, Director Origination, Eurohypo added: "Telereal Trillium is a key and long standing client of the bank, we have worked with the management team on many projects and seen them continually deliver on their business objectives. This financing has been tailored to meet the specific requirements of Telereal Trillium and reflects the strength of the management and underlying income stream from these core assets. It also clearly demonstrates Eurohypo's ongoing commitment to new lending in the UK, meeting the requirements of professional investors."