Notice to the holders of €250,000,000 5.25% Senior Secured Notes due 2022 and €225,000,000 Floating Rate Senior Secured Notes due 2022 (the ¨Notes”)
(Fixed Rate Notes Regulation S: ISIN XS1716821779, Common Code 171682177; Rule 144A: ISIN XS1716821340, Common Code 171682134; and Floating Rate Notes Regulation S: ISIN XS1716822231, Common Code 171682223; Rule 144A: ISIN XS1716821936, Common Code 171682193 of Haya Finance 2017, S.A. (the “Issuer”)
In the context of the recent transaction announced by BBVA, whereby BBVA has reached an agreement with a subsidiary of Cerberus Capital Management, L.P. for the creation of a joint venture to which BBVA’s real estate business in Spain will be transferred, Haya Real Estate wishes to announce that it has agreed to sign a servicing agreement with BBVA to provide, on an exclusive basis, management and commercialization services for the real estate portfolio held by BBVA once the transaction is executed (expected to take place by the second half of 2018).
Such agreement involves BBVA’s future flow of real estate assets for a period of eight years, with a potential extension of two additional years. There is no servicing agreement between Haya Real Estate and the newly created joint venture for the assets to be owned by the Joint Venture. Several alternatives are being analyzed to leverage both the Joint Venture and Haya Real Estate’s capabilities in this regard. Any developments on a potential agreement will be communicated as they evolve in the upcoming months.
Haya Real Estate, S.L.U.
01 December 2017
Esta nota de prensa contiene información sobre proyecciones futuras en relación con la posición financiera y planes de operaciones futuras en relación con Haya Real Estate. Cualquier información distinta de aquella relacionada con datos históricos debe entenderse como proyecciones futuras. Estas proyecciones futuras deben considerarse válidas únicamente a fecha de hoy y están sujetas a numerosos factores que podrían causar desviaciones respecto a dichas proyecciones futuras. Haya Real Estate no será responsable y no tendrá ninguna obligación en relación con la actualización y/o revisión de dichas proyecciones futuras (excepto en la medida en que pudiera estar legalmente obligada a ello).
About Haya Real Estate
Haya Real Estate is one of the leading independent providers of real estate and debt management services, and the largest bank-independent third-party servicer of Real Estate Development loans (“REDs”) and Real Estate Owned assets (“REOs”) in Spain. It services assets on behalf of its financial institution and institutional investor clients and has assets under management of approximately €40 billion. Haya’s core service offering covers the entire value chain of loans and real estate assets. For REDs, this comprises advisory and underwriting for loans and collateral; debt management and recovery; and conversion of RED obligations into REOs. For REOs, this comprises admissions and repossession; management of REOs; and the sale and rentals of REOs. Haya’s integrated offering of real estate servicing solutions also includes portfolio advisory (selection, valuation and negotiation), land development advisory, rental management, real estate advisory, brokerage and securitization. Haya employs 704 professionals and has a sales network of 2,648 real estate brokers.
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