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PRESS RELEASE: BF.direkt AG facilitates alternative refinancing arrangement for justice centre Halle (Saale) with K-Bond loan note

08.12.15 12:28
Dow Jones Newswires

PRESS RELEASE: BF.direkt AG facilitates alternative refinancing arrangement for justice centre Halle (Saale) with K-Bond loan note

DGAP-News: BF.direkt AG / Key word(s): Real Estate/Financing
BF.direkt AG facilitates alternative refinancing arrangement for justice centre Halle (Saale) with K-Bond loan note

2015-12-08 / 12:28
The issuer is solely responsible for the content of this announcement.

- K-Bonds AG and BF.direkt jointly place German loan note with institutional investors for the very first time

- Volume of EUR 33 million, with initial interest amounting to 3.55% p.a.

- Investment grade rating BBB

Stuttgart/Frankfurt, 8 December 2015. BF.direkt AG, one of the leading consultancy firms for real-estate financing, has
arranged an alternative refinancing solution in the form of a loan note for the justice centre in Halle an der Saale
(Germany/Saxony-Anhalt). To this end, in co-operation with K-Bonds AG - a specialist for real-estate backed loan notes -
a loan note with a volume of EUR 33 million was successfully placed with institutional investors. The initial interest
payable on the loan note scheduled to mature in the year 2025 amounts to 3.55% p.a.

Various courts and public authorities as well as the public prosecution are located in the property that is fully let to
the state of Saxony-Anhalt. E&P Holding GmbH & Co. KG in Cologne is responsible as asset manager for the modern justice

The loan note divided up into two tranches (senior and junior) is collateralised by mortgage bonds on the property
financed. The senior tranche was awarded investment grade rating BBB by the rating agency Euler Hermes. Decisive factors
for the good rating were the first-class collateral, the high free cash flow and the tenants' robust credit standing.

Dr Hans-Günther Nordhues, CEO of K-Bonds AG, praises his company's collaboration with BF.direkt: "This co-operative
venture has enabled us to boost our market presence in identifying investment properties that are suitable as collateral
for a real-estate backed loan note. BF.direkt has a large number of excellent customer contacts and, therefore, an
outstanding property pipeline. At the same time, competent preliminary assessment of the financing capabilities by
BF.direkt assists us in bundling and deploying our resources in a target manner for alternative financing transactions."

Francesco Fedele, CEO of BF.direkt AG, adds: "Our objective is to use the entire bandwidth of possible financing deals
to filter out the single best financing solution so as to set up a suitable and attractive financing model in
co-operation with our product partners. In addition to conventional bank funding, alternative forms of financing
meanwhile play an increasingly important role. In the process, we do not only confine ourselves to subordinated forms of
funding like mezzanine capital but also use loan notes to provide attractive solutions in the senior-ranking field.
Together with K-Bonds AG, we succeeded in structuring the refinancing deal for the justice centre in Halle in a spirit
of mutual trust and partnership. We're highly satisfied with the control of the subsequent rating and placement process
by K-Bonds."

"In addition to conventional bank funding, the financing alternatives available on the market today that we as investors
had already analysed at an early stage will play an increasingly important role in future," says Dirk Iserlohe, CEO of
E&P Holding GmbH & Co. KG, Cologne. The Cologne-based issuing house, the asset managers of the justice centre, felt that
the co-operation had proceeded professionally and in a targeted fashion.

About K-Bonds

K-Bonds AG operates the credit platform CMFF on which, inter alia, mortgage-backed loan notes for companies are
structured and placed for institutional investors. K-Bonds AG, the operator of the credit platform CMFF, controls the
complete analysis and assessment process necessary for investors and makes quality-assured information available; to
this end, the company engages the services of external service providers such as rating agencies or valuation
specialists, depending on the credit risk involved in each case. In this way and thanks to the standard documentation
made available, compliance is ensured with the regulatory requirements on the part of domestic and foreign investors.
Moreover, through its in-house institutional sales team, K-Bonds offers its borrowers the utmost in terms of placement

About BF.direkt

The company BF.direkt AG is an independent specialist for financing residential and commercial real-estate projects. As
one of the leading financing consultants, it develops innovative financing strategies and finds suitable financing
partners in this field. In the process, the clients of BF.direkt stand to benefit from the numerous connections with
big, special and private banks, capital market services providers, insurers and specialised funds as well as with
investment companies for borrowed funding, mezzanine and equity capital.


K-Bonds AG
Dr Hans-Günther Nordhues
Tel.: +49 69 / 26 49 10 500

BF.direkt AG
Manuel Köppel
Tel.: +49 711 22 55 44 136

BF.direkt PR-Kontakt
GFEI Aktiengesellschaft
Tel.: +49 511 47 40 23 10

BF.direkt AG
Leuschnerstrasse 12
70174 Stuttgart

BF.direkt AG
Sitz Stuttgart - AG Stuttgart, HRB 20834 Management Board member: Francesco Fedele
Chairman of the Supervisory Board: Dr Peter Maser, attorney-at-law

2015-12-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at and

421931 2015-12-08

(END) Dow Jones Newswires

December 08, 2015 06:28 ET (11:28 GMT)


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