The Australian group, together with France’s Eiffage, has obtained a €2.8bn, five-year loan in addition to a €720m revolving credit facility. Moody’s deemed the refinancing ‘moderately credit positive’, but warned the toll road network’s Baa3 rating might be revised in the future.
2 min read · 15 January 2013
The Australian Infrastructure Fund has divested its 35% stake in Victoria’s largest regional port for A$25m. The buyers were RREEF Infrastructure – which picked up 15%, increasing its ownership of the port to 50% – and Asciano, the port’s operator, which purchased the remaining 20%.
2 min read · 15 January 2013
The Australian Infrastructure Fund has divested its 35% stake in Victoria’s largest regional port for A$25m. The buyers were RREEF Infrastructure – which picked up 15%, increasing its ownership of the port to 50% – and Asciano, the port’s operator, which purchased the remaining 20%.
2 min read · 15 January 2013
The Australian Infrastructure Fund has divested its 35% stake in Victoria’s largest regional port for A$25m. The buyers were RREEF Infrastructure – which picked up 15%, increasing its ownership of the port to 50% – and Asciano, the port’s operator, which purchased the remaining 20%.
2 min read · 15 January 2013
US financial institutions want to unload impaired assets as they have become more willing to take write-offs and are pushed by regulations, while European institutions are slowly moving toward de-leveraging, according to delegates at a recent industry conference.
3 min read · 14 January 2013
The extraordinary tale of a huge Dutch real estate fraud, a warning by the country’s Central Bank over property valuations and how the Dutch office market could be hardest hit by the unwinding of German open-ended funds.
3 min read · 14 January 2013
The bank’s Strategic Partners team sweetened terms on its fifth secondaries fund, including not only committed capital, but fees and expenses that must be paid back to LPs, plus an 8% return, before the GP collects carried interest.
4 min read · 14 January 2013
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
2 min read · 15 January 2013
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
2 min read · 15 January 2013
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
2 min read · 15 January 2013
