CTL Closing Announcement: Wal-Mart Stores, Inc.

Thursday, November 16, 2017

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William Blair acted as the sole placement agent of debt financing for the owner of a 20.34acre parcel of land in Rio Grande, New Jersey, on which an approximately 161,180-square-foot Wal-Mart store is situated.

The financing details of this private placement include:

  • Wal-Mart Stores, Inc. as ground lessee with a rating of "AA" by Standard & Poor's and "Aa2" by Moody's
  • 20.0 year term / 11.5 year average life
  • 1.00x debt service coverage
  • 76.5% loan-to-value
  • An uninsured balloon provided additional amortization

William Blair's Commercial Real Estate Finance (CREF) team is dedicated to sourcing debt solutions, sale-leasebacks, and private equity for commercial real estate developers, investment firms, and owners. For the past 21 years, William Blair has executed over 535 transactions for the financing of commercial real estate in the retail, healthcare, government, higher education, office, and manufacturing sectors.

William Blair is a global investment banking and asset management firm. We are committed to building enduring relationships with our clients and providing expertise and solutions to meet their evolving needs. An independent and employee-owned firm, William Blair is based in Chicago, with offices in 10 cities worldwide.

Learn more about our commercial real estate finance expertise

William Blair was not engaged by and did not represent the tenant listed in the transaction above. The tenant has not endorsed William Blair or the products and services the firm provides.

This is not in any sense a solicitation or offer of the purchase or sale of securities. Individual securities listed in this report are for informational purposes only. This information does not constitute investment advice or recommendations with respect to the securities discussed.

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