Germany’s Demire to price €270 million five-year notes on Wednesday

By Paul A. Harris

Portland, Ore., July 10 – Demire Deutsche Mittelstand Real Estate AG plans to price €270 million of five-year senior secured notes (Ba2/BB+) on Wednesday, according to a market source.

Deutsche Bank is the lead bookrunner for the Rule 144A and Regulation S offering.

The notes come with two years of call protection.

The Frankfurt-based real estate company plans to use the proceeds to repay debt.

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