Macquarie finances GBP276 million in two funds managed by Equitix
Macquarie Asset Management has announced a GBP276 million (US$390.3 million) financing agreement with funds managed by Equitix.
The agreement sees Macquarie Asset Management lend to two funds with investments in 95 infrastructure assets across the healthcare, education, social housing, waste, transport, transmission, and renewable energy sectors in the United Kingdom and Europe. The financing solution, which is comprised of inflation-linked and Sterling Overnight Index Average (SONIA)-linked debt, enables Equitix to refinance existing bank debt with long-term facilities tailored to the investment strategy of its funds.
Macquarie Asset Management was advised by Linklaters. Equitix was advised by DC Advisory and Ashurst.
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