Additional features are:
- Commitments have been decreased from EUR 1.4 billion to EUR 350 million committed and EUR 470 million uncommitted
- Commitments have been extended for approximately two years
- The bankrupt estate of DSB provided the following security rights in favour of ING Bank, ABN AMRO bank and Rabobank (as Lenders):
(i) a joint right of pledge over the shares in the share capital of Finqus B.V. Finqus B.V. manages DSB’s portfolio since its bankruptcy; and
(ii) a joint right of pledge over the claims DSB has on Finqus B.V. in relation to the portfolio of mortgage and consumer loans DSB transferred to Finqus B.V.
Team: Menno Stoffer, Bas Boutellier, Thijs Elseman, Reinout Vriesendorp and Constantijn Voogt.
For more information on this matter, read here.