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Blackstone said to plan $1.35 bln refinancing of U.S. office buildings

Posted on 02 June 2011

Blackstone Group LP (BX) is close to borrowing as much as $1.35 billion from lenders including MetLife Inc. (MET) to replace debt coming due on 21 office properties, according to three people with knowledge of the refinancing.
MetLife, the largest U.S. life insurer, and New York Life Insurance Co. plan to underwrite a two-year senior mortgage of about $850 million, with three one-year extensions, said the people, who asked not to be named because the talks are private……………………………………….Full Article: Source


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