The £170m acquisition of the Sleaford straw-fired renewable energy plant from renewable firm ECO2 is also the UK’s first project-financed biomass deal in five years. NIBC, RBS, Siemens Bank and Unicredit are providing debt for the deal.
1 min read · 15 January 2013
Lehman Brothers has no time to celebrate its move to emerge from bankruptcy, as it is gearing up to fight for control of the largest real estate asset on its books: Archstone.
3 min read · 15 January 2013
The private equity firm has denied its investment in the Australian media group is in trouble, but reportedly asked its creditors to respond to a new plan on refinancing by Christmas.
2 min read · 15 January 2013
The private equity firm has denied its investment in the Australian media group is in trouble, but reportedly asked its creditors to respond to a new plan on refinancing by Christmas.
2 min read · 15 January 2013
The $66bn pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
2 min read · 15 January 2013
Moody’s estimates Australia’s rated infrastructure issuers will have to raise some A$9bn to refinance existing debt. But while it states ‘issuers face increasing refinancing challenges’, Moody’s argues ‘the exercise should be manageable overall’.
2 min read · 15 January 2013
A number of large bubble-era buyouts are at ‘high risk’ of default according to rating agency Moody’s, which warned the GPs involved faced an uphill battle to generate returns on those deals.
2 min read · 15 January 2013
Amid the court approving the banking giant’s bankruptcy exit plan, Lehman is challenging the validity of Equity Residential’s agreement to buy 26.5 percent of Archstone.
2 min read · 15 January 2013
The two companies reached commercial close on the $2.1bn project with the state, prompting Governor Robert McDonnell to credit Virginia as an ‘innovator’ capable of making ‘complex public transportation’ possible. Financial close is expected in early 2012.
2 min read · 15 January 2013
The deal turns Mitsubishi into the first Japanese company operating an overseas offshore transmission cable. Macquarie sold its 50 percent stake in the UK’s £105m Walney 1 project.
2 min read · 15 January 2013
