16 Nov 2022
Dillon Eustace advises Balbec on the Securitisation of a NPL Portfolio
Dillon Eustace was pleased to advise PRPM Lagado 2022 – 1 Designated Activity Company and Lagado Assets IE IV Limited (formerly Balbec Loan IE IV Limited) on the securitisation of a portfolio of over 3,000 non-performing loans, which was arranged by J.P. Morgan SE.
This trade is the first NPL securitisation to be done in Europe with AA ratings.
The Dillon Eustace team was led by Keith Robinson, Partner (Banking and Capital Markets) with support from Conor Keaveny, Partner (Banking and Capital Markets), David Lawless, Partner (Tax), Alex Kennedy, Senior Associate (Banking and Capital Markets) and Barry Tyrrell, Solicitor (Banking and Capital Markets).
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