Hudson Yards Gets $5B Financing, Plus Wells Fargo Tenancy

Law360, New York (December 11, 2015, 6:13 PM EST) -- Related Cos. and Oxford Properties Group, the developers behind the massive Hudson Yards project in New York City, on Friday said they had secured an additional $5 billion in debt and equity financing for the development, and that it had landed a new tenant in Wells Fargo.

The companies said they closed on $2.19 billion in loans from lenders including Bank of America, Wells Fargo, Canadian Imperial Bank of Commerce, Deutsche Bank, Bank of China and Crédit Agricole. They said the balance of the financing came from equity investments by Time Warner Inc., KKR and Wells Fargo & Co., all of...

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