Fri 05/06/2022 11:42 AM
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Corestate bondholders have mandated Houlihan Lokey as financial advisor for a potential restructuring as a refinancing of the German real estate manager’s looming maturities seems increasingly unlikely, sources told Reorg.

About 50% of the group’s 2023 bonds are held by Pimco, which also holds 25% of the 2022 bonds, sources said. This will enable Pimco to have a material influence on both the negotiation and implementation of any deal. Allianz is another large holder of the
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