Moody's Investors Service has assigned an A3 rating to Plenary Infrastructure DC LLC's approximately US$155 million of amortizing senior secured bonds. Plenary Infrastructure is the concessionaire for the Smart Street Lighting project in Washington DC, the USA. The bonds will be issued by the District of Columbia which will function as a conduit issuer and will on-lend the bond proceeds to Project Co as a back-to-back loan.
The bonds will be used to finance a portion of the concession, which includes the design, construction, finance, and maintenance of the existing street light network in the District of Columbia. Once the project achieves final completion, Project Co will receive availability payments from the District over a 13-year period to cover asset management costs, debt service, and equity returns. The availability payments are subject to deductions for unavailability and performance noncompliance.
CyrusOne has announced the completion of its acquisition by funds managed by KKR and Global Infrastructure Partners (GIP). The companies paid in an all-cash transaction valued at approximately US$15...
Read moreThe City of Colorado Springs has launched a Request for Proposals (RFP) seeking a private contractor to deliver the mixed-use downtown transit center in Colorado, the USA.
Read moreThe City Council of the city of North Miami, Florida is preparing to negotiate and execute an agreement with DLFC Architects to assist with the Downtown Civic Centre PPP project. The company is expect...
Read moreThe City of Riverside has launched a Request for Qualifications (RFQ) to deliver the Biogas and Digestate Management Upgrading Facilities Project at the Riverside Regional Water Quality Control Plant...
Read moreThe Metropolitan Transportation Authority (MTA) in New York, USA has launched a request for proposal (RFP) seeking a private partner for the development of Bronx Electric Bus Depot PPP. The bus depot...
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