Toys “R” Us issued a £263. 2 million commercial mortgage-backed securitization, according to a Standard & Poor’s presale report.
Cairn Capital is lead manager on the deal. S&P has assigned ‘A-’ rating to the class A notes. The structure also includes class B and C notes that have not been rated by S&P. According to a Deutsche Bank securitization report, the structure’s rated, 7-year notes, priced at a coupon rate of 5.93%.