Credit Lyonnais Building

Paramount Completes $860 Million Refinancing of 1301 Avenue of the Americas

Retrieved on: 
Monday, August 2, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Mortgage, Personal finance, Refinancing, Credit Lyonnais Building

Paramount Group, Inc. (NYSE: PGRE) (Paramount or the Company) announced today that it has completed an $860 million refinancing of 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan, that is currently 71.5% leased.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (Paramount or the Company) announced today that it has completed an $860 million refinancing of 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan, that is currently 71.5% leased.
  • The proceeds from the refinancing were used to repay the existing $850 million loan that was scheduled to mature in November 2021.
  • With the refinancing of this high-quality Class A asset in todays attractive credit markets, we have strengthened our balance sheet and improved financial flexibility, said Wilbur Paes, Chief Operating Officer, Chief Financial Officer, and Treasurer of Paramount.
  • Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

Crédit Agricole CIB Announces Its New Governance

Retrieved on: 
Tuesday, January 5, 2021
Banking, Professional services, Finance, Banks, Finance, Financial services, Investment banks, Crédit Agricole Corporate and Investment Bank, Crédit Agricole, LCL S.A., Credit Lyonnais Building, Crédit Lyonnais

From 2001 to 2006, Jean-Franois was Head of Origination and Structuring for Europe within LCL and then Crdit Agricole CIB Credit syndication activity.

Key Points: 
  • From 2001 to 2006, Jean-Franois was Head of Origination and Structuring for Europe within LCL and then Crdit Agricole CIB Credit syndication activity.
  • In 2011, he was appointed Head of Financial Management at Crdit Agricole S.A., becoming Finance Director of Crdit Agricole CIB in 2017.
  • Pierre Gay started his career at the Crdit Agricole Group in 1990 where he held various positions within Calyon, Crdit Agricole Indosuez and Crdit Lyonnais.
  • Crdit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2020).