A six-year loan facility will primarily be used towards the prepayment of existing credit payments, amounting to US$152m, as well as to pay off a US$66m bridge facility raised in June 2019.
The proceeds of the deal were used to refinance certain debt secured on the vessels.
The new airport opens in 2026 and will be the largest international gateway in Australia by 2060. It is expected to support almost 28,000 jobs within five years of opening.
The refinancing supports ongoing renovations, including the base of the building’s 29-story atrium, a two-story library and workspace, retail kiosks, a bar and lounge, a pool and a gym.
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In this article we evaluate the benefits and key features of the Sustainability Linked Loan Principles.
The firm attained 39 top 20 rankings in Inframation and SparkSpread’s Q3 2019 League Table and Trend Report (Project Finance), including rankings in new jurisdictions such as India and Canada.
The financing enables Alpha Trains to refinance existing debt, finance new build rolling stock and restructure the group by bringing its subsidiaries Alpha Trains TWN and Alpha Trains HWN into the financing platform.
The 1700 MW VOL-V ER portfolio comprises 50 MW of projects built or under construction and 130 MW of authorised projects.
The bonds were subscribed by institutional investors managed by BlackRock through a private placement, and traded on the “Quotation Board” of the Frankfurt Stock Exchange.