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Natixis provides $51.5 million Financing for the Class-A, FedEx Logistics headquarters office building in Memphis

Published: 2021-08-12 17:02:00 ET

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Natixis announced today that it has provided floating-rate financing of $51.5 million to subsidiaries of SomeraRoad Inc. for the refinancing of a 193,836 square foot, Class-A office building located at 145 Lt. George W Lee Avenue in Downtown Memphis, and the parking lot across the street near the FedEx Forum. The office building serves as the new global headquarters for FedEx Logistics, the supply chain and trade arm of FedEx Corporation (NYSE: FDX).

SomeraRoad Inc. is a commercial real estate investment and development firm with over $1.5 billion in total acquisitions $600 million of invested equity in 18 million square feet of commercial real estate space, across 71 total transactions in over 50 unique markets.

About NatixisNatixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d'Epargne, Natixis counts over 16,000 employees across 36 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE's networks. Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €12.4 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor's: A / Moody's: A1 / Fitch Ratings: A+). (1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in.Figures as at 30 June 2021

Press contacts:Meredith Zaritheny Prosek Partners +1 646.503.6278 mzaritheny@prosek.com

www.natixis.com

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SOURCE Natixis

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.