Bloomberg

The company entered into an amended mezzanine debt facility with a $3 billion limit.

The $600 million seven-year loan will be benchmarked to the Secured Overnight Financing Rate.

The mezzanine loan on the land beneath Times Square Edition, with a 5.1 percent interest rate, is in the “fulcrum position” of the debt stack.

For China, the risk of contagion far outweighs any potential damage from an Evergrande collapse on its own.

The hotel, a staple of conference and business events, is exactly the type of property that’s been battered by the pandemic. It reopens next week.

The properties will form a seed portfolio for a potential U.S. logistics private fund.

The outpost, to open next year in the Midtown Atlanta district, will have a focus on technology and client services.

ESR Cayman Ltd. has been on a deal-making spree for two years and could eventually compete with the likes of Blackstone and Brookfield.