Deutsche Bank and Bank of America Merrill Lynch priced the $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City, according to a person familiar with the deal.

The single asset CMBS deal, COMM 2013-WWP was rated by Morningstar and Standard & Poor’s. The deal priced its $60 million, 7.58-year, ‘AAA’ notes at 90 basis points over swaps with a coupon of 2.9%; and the $284 million, 9.94-year, ‘AAA’ notes priced at 110 basis points with a coupon of 3.42%.

Lower down the credit curve, the deal’s $99.24 million, ‘AA-’ notes priced at 140 basis points with a coupon of 3.72%; the $22.19 million, ‘A-’ notes priced 165 basis point with a coupon of 3.5% and; $27.80 million of ‘BBB-’ notes priced at 200 basis points with a coupon of 3.8%.  

The ‘AA-‘ rated notes through the ‘BBB-’ notes were structured with a 9.94-year average life maturity. Guggenheim Securities was co-manager on the deal.

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