Concessió Estacions Aeroport L9 S.A., the consortium responsible for the Barcelona Metro Line 9 - section 1 project, has refinanced its EUR1.174 billion (US$1.322 billion) debt. The consortium comprises Vauban Infrastructures Partners and Aberdeen Standard Investments.
The refinancing was done by means of a senior facility agreement and a bond issuance in which EUR584 million (US$658.03 million) were raised by senior facility agreement and EUR590 million (US$664.03 million) by bond structured and listed on the Frankfurt Stock Exchange. Clifford chance acted as financial advisor to the consortium.
Line 9, section 1 of the Barcelona Metro network connects the city center with the Barcelona International Airport. The project's cash flow and good financials have contributed to strong interest from European, Asian and USA investors. The project is considered one of the most relevant infrastructure projects in Catalonia.
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December 20, 2021
Macquarie invests EUR60 million in AG-31 road concession
Macquarie Asset Management has provided around EUR60 million (US$67.79 million) of debt financing to a consortium that operates the AG-31 road in northern Spain. The road is a 19-kilometer high...
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November 17, 2021
Final close of EUR1.5 bn for Infracapital Greenfield II Fund
Infracapital has announced the final close of its latest fund, Infracapital Greenfield Partners II. The fund aims to support businesses that generate environmental and social impact with a focus on de...
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November 05, 2021
Contract awarded for affordable housing project in Madrid
Avalon Properties and Ares Management Real Estate Group have been awarded the Plan Vive housing project in Madrid, Spain. Although, the winning company for lots 1 and 2 is Dosorno, in which Ares (thro...
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October 27, 2021
Connecting Europe Broadband Fund invests in FTTH operator in Spain
Connecting Europe Broadband Fund (CEBF), managed by Cube Infrastructure Managers (Cube), has invested in a fiber-to-the-home (FTTH) project operated by ASTEO Red Neutra in Spain. ASTEO...
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October 22, 2021
Asterion secures EUR1.5 bn investment for Asterion Industrial Infra Fund II
Asterion Industrial Partners has secured EUR1.5 billion (US$1.75 billion) in commitments in its second fund, Asterion Industrial Infra Fund II FCR. The commitments span across 39 investors and in...
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