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 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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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 bonds were subscribed by institutional investors managed by BlackRock through a private placement, and traded on the “Quotation Board” of the Frankfurt Stock Exchange.
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