Vauban Infrastructure Partners has announced the closing of a NOK3.2 billion (US$297.38 million) senior debt refinancing transaction for Boreal Holding AS.

The refinancing was accomplished by combining a number of facilities in order to pay off the company's senior debt, support development, and run regular business operations. In order to support the growth of the Company and its portfolio of public transportation concessions with availability-based revenues, Vauban initiated this refinancing transaction. This action demonstrates Vauban's strong commitment to asset development and delivering long-term, sustainable value to all stakeholders. 

Early in 2022, Vauban bought Boreal through the Core Infrastructure Fund III SCS SICAV-SIF. Vauban was supported by top-tier advisors including Rothschild & Co. as financial and hedging advisor, White & Case and Bahr as borrower’s legal advisor, and Allen & Overy and Thommessen as lenders’ legal advisors.