Market Chatter: Wells Fargo Leads $1.4 Billion Refinancing for Manhattan Skyscraper

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Market Chatter: Wells Fargo Leads $1.4 Billion Refinancing for Manhattan Skyscraper

MT Newswires Live05-29

Wells Fargo (WFC) and Goldman Sachs (GS) are part of a lender group behind a roughly $1.4 billion refinancing package for a skyscraper in Manhattan, New York, Bloomberg News reported Thursday, citing people familiar with the matter.

The package, led by Wells Fargo, is linked to the renewal of L'Oreal USA's lease at the property and is projected to be finalized next week, the news outlet reported.

Oxford Properties Group and Related own the commercial building, according to the report.

Wells Fargo, Goldman, and L'Oreal didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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