The close brings to life the second availability payment-based transportation infrastructure project in the United States. In the end, ten banks provided $341m in senior loans toward the $903m project. Equity investors Meridiam and Bouygues contributed $80m.
4 min read · 08 February 2013
The Inter-American Development Bank is to provide a $1bn credit line to the South American country to help develop its road infrastructure. The first loan from the package will see $350m financing a new bridge and the maintenance of 810km of roads.
1 min read · 08 February 2013
Germany’s largest insurer is planning to invest in US real estate once the banks trigger distressed sales, according to boss Paul Achleitner.
2 min read · 08 February 2013
The distinction between distressed debt investing and running a lending business remains unclear after a recent IRS memorandum.
2 min read · 08 February 2013
The City of Miami has delivered a $50m letter of credit needed for the the project to proceed to financial close.
2 min read · 08 February 2013
Infrastructure fundraising is showing signs of life. A cause for optimism? Perhaps, though it may be too early to tell.
2 min read · 08 February 2013
Starwood has teamed up with TPG and other investors to buy a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
2 min read · 08 February 2013
The firms are part of a syndicate buying a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
2 min read · 08 February 2013
The firm will use $1bn in equity in to purchase Busch Entertainment's 10 US theme parks, including Sesame Place, SeaWorld and Busch Gardens.
2 min read · 08 February 2013
Invesco, TCW and Blackrock are among the firms that have held initial closings on funds that will buy distressed assets from banks and help reinvigorate the US credit markets.
2 min read · 08 February 2013
