Vinci: refinances LISEA's debt
(CercleFinance.com) - Vinci Concessions announces that its 33.
4%-held subsidiary LISEA, a concessions operator of the South Europe Atlantique high-speed rail line until 2061, has refinanced its debt for 2.2 billion euros, which it raised from a pool of banks in 2011.
The operation breaks down into a 1.3 billion euro bank loan with a maturity of 27 years and two tranches of fixed-rate debt totaling 905 million euros, with maturities of 30 and 35 years respectively, which has been placed with institutional investors.
This refinancing enables Lisea to reduce the cost of its debt and extend its maturity by benefiting from long-term resources at an attractive cost. The operation is scheduled to be closed at the start of 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4%-held subsidiary LISEA, a concessions operator of the South Europe Atlantique high-speed rail line until 2061, has refinanced its debt for 2.2 billion euros, which it raised from a pool of banks in 2011.
The operation breaks down into a 1.3 billion euro bank loan with a maturity of 27 years and two tranches of fixed-rate debt totaling 905 million euros, with maturities of 30 and 35 years respectively, which has been placed with institutional investors.
This refinancing enables Lisea to reduce the cost of its debt and extend its maturity by benefiting from long-term resources at an attractive cost. The operation is scheduled to be closed at the start of 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.